realist:

grtgrk:

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.

Isn't the super exemption 75% of the value for homes under 200k?

And there is not doubt that our elected officials lie every second of their lives!