Commentary - Clearing up homestead tax changes
Published 12/23/2011, Alexandria Echo Press
Since the new homestead exclusion is calculated on the front end – when tax rates are set, there is no reimbursement to local governments. The local governments will receive the full amount that they levy and there is no possibility of a shortfall in levy receipts due to the state not reimbursing local government for the homestead credit.Word count: 716
The full article is available to newspaper subscribers. If you are a subscriber please log in to continue reading.