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Homestead Tax Credit : I’m looking to purchase a house within the next few months, and I am looking to see if anyone can give me some information on the Homestead Tax Credit. Specifically -How does this work in relation to renovated properties. I am looking to buy in Remington, with a budget of about $250k. One property I’m interested currently has annual taxes of around $3k (about 1.2%). If I apply for the homestead tax credit will taxes only increase up to 4% on original assessed value at purchase? Full Article
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