Alternative General Homestead Exemption Extension

November 27, 2006

Based on data from its new, comprehensive analysis of the "7 percent cap", the Civic Federation maintains its support for extending the property tax exemption through tax years 2006-2008 at its current maximum exemption level of twenty thousand dollars in taxable value. The Federation cautions, however, that it is a stop-gap measure and not a substitute for comprehensive property tax reform.