Laserfiche WebLink
State_ Legislature <br />® July 2011 Special Session Legislature: <br />• Eliminated Homestead Market Value Credit (MVC) <br />• Market Value Credit Reduced Net Taxes Paid <br />P. Homes Valued at $76,000 or more but <br />less than $413,800 Received the Credit. <br />® Maximum Credit Received = $304.00 <br />(Home Valued at $76,000) <br />r As Value increased over $76,000 MVC went Down. <br />(Became $0 after $413,800) <br />• Implemented — "Homestead Market Value Exclusion". <br />® Homes Valued at $76,000 or more but <br />less than $413,800 receive the Exclusion. <br />® Maximum Market Value Exclusion = $30,400 <br />(Home Valued at $76,000) <br />® As Value increases over $76,000 Exclusion goes <br />down (becomes $0 after $413,800) <br />