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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

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