Includes municipal detention facility corporations as exempt from taxation, and requires that an amount equal to 27% of all tax that would have been collected if the property was taxable be paid to the municipality annually.
Includes municipal detention facility corporations as exempt from taxation, and requires that an amount equal to twenty-seven percent (27%) of all tax that would have been collected if the property was taxable be paid to the municipality annually.
Includes municipal detention facility corporations as exempt from taxation, and requires that an amount equal to twenty-seven percent (27%) of all tax that would have been collected if the property was taxable be paid to the municipality annually.
Permits every municipality in the state to offer a homestead tax exemption of up to 20% of assessed value on residential properties, and also provides that municipalities that grant greater exemptions not be limited by this section.
Permits every municipality in the state to offer a homestead tax exemption of up to 20% of assessed value on residential properties, and also provides that municipalities that grant greater exemptions not be limited by this section.
Permits every municipality in the state to offer a homestead tax exemption of up to 20% of assessed value on residential properties, and also provides that municipalities that grant greater exemptions not be limited by this section.
Requires an appropriation of an additional five percent (5%) of the assessed value of all low-income housing as part of the payment in lieu of taxes program to the municipality where the property is located beginning in fiscal year 2026.