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It is not possible to show an example of the tax savings since there are too many variables included in this assessment freeze program available to seniors with lower incomes.
The tax savings is based upon
- The amount of any increase in your assessment from one year to the next
- The amount of household income
- The local tax rate
The bigger the increase in assessment, the lower the household income, and the higher the local tax rate, the larger the tax savings will be.
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