At Tampa Tiger Bay, local officials bemoan expected expansion of homestead exemption
While it won’t go into effect for another year and a half, the expected passage of a constitutional amendment expanding the homestead exemption is already giving local officials severe headaches. Amendment 1 asks voters to approve an expansion of the homestead exemption from $50,000 to $75,000 of the first $100,000 of a home’s taxable value. State lawmakers who supported it said the average homeowner would save about $275 per year, based on the statewide average home value of $220,000 and an…
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