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Property Tax Overhaul Passes House: Breaks For New Home Buyers, Business, Snowbirds

| May 2, 2011

First-time home buyers would get a 50 percent property tax break on the value of their home. Voters would decide whether to cap property tax assessment increases for commercial properties at 5 percent.

Property Tax Reform: 50% Exemptions, Breaks for Investors, Losses for Local Governments

| April 20, 2011

Supporters of the overhaul say it’ll fill up empty homes. Critics say it’ll also slash local government revenue and further shift the tax burden to current residents, exacerbating inequities.

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