We are lied to by our elected officials! This is a tax increase!! Every home purchased for under $200,000.00 in the past and worth over $500,000.00 today gets a huge tax increase Example you purchased your home for $200,000.00 and at 2.2 % millage your tax is $4,400 per year. Now you know what you believe your home is worth in today's market we can use $500,000.00. This will now be your new Tax base. Subtract the super exemptions of $195,000.00  and you will be taxed at 2.2% of $305,000 or $6,710.00 your tax reduction has invcreased your property tax by around 50%.Great Bill. Everyone should do this math than run out get a copy of California's prop 13 and start petitions to get a max millage rate of 1% on what you paid for your house locked in forever. They did it in California and we are at least as smart as they are exempting our polititians.