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  2. Homestead exemption - Wikipedia

    en.wikipedia.org/wiki/Homestead_exemption

    California exempts the first $7,000 of residential homestead from property taxes. Colorado allows a 50% deduction for up to the first $200,000 (equivalent to a $100,000 exemption if the property is valued at $200,000 or above) for seniors (over age 65) who have lived in their property for ten consecutive years.

  3. Maryland homeowners are bracing for shocking property tax ...

    www.aol.com/finance/maryland-homeowners-bracing...

    Maryland offers several programs that may help offset property tax increases, including the Homestead Tax Credit, for low-income property owners, and the Renter's Tax Credit Program.

  4. Property tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_tax_in_the_United...

    The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.

  5. Special assessment tax - Wikipedia

    en.wikipedia.org/wiki/Special_assessment_tax

    The foundation principles for ad valorem taxes are that each property is valued according to its market value and that each property is taxed based upon a single millage rate that applies to everyone (uniformity). [10] Special assessment levies are not ad valorem property taxes even though they may be collected on a property tax bill. A special ...

  6. Declaring personal property: Take this step to avoid extra ...

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    You may have noticed a postcard-sized notice in your mailbox recently about declaring your personal property for 2023. Jackson County residents have until Wednesday, March 1 to file their declaration.

  7. Trickle-Down Taxation: Maryland Residents Facing 'Rain Tax' - AOL

    www.aol.com/news/on-maryland-rain-tax-stormwater...

    Homeowners will bear the brunt of the rain tax: of the $14.8 billion to be raised -- $482 million each year until 2025 -- about three-quarters will come from residential property owners.

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  9. History of taxation in the United States - Wikipedia

    en.wikipedia.org/wiki/History_of_taxation_in_the...

    Congress re-adopted the income tax in 1913, levying a 1% tax on net personal incomes above $3,000, with a 6% surtax on incomes above $500,000. By 1918, the top rate of the income tax was increased to 77% (on income over $1,000,000) to finance World War I .

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