PROP TX-CIRCUIT BREAKER

Summary

The Circuit Breaker Property Tax Relief Act establishes a grant that can cover up to 50% of a homeowner's sudden property‑tax spike. To qualify, a resident must receive a general homestead or alternative homestead exemption, have experienced a tax increase of at least 20‑25%, and have household income no more than four times the federal poverty level. The grants are paid from a newly created Circuit Breaker Property Tax Relief Fund.

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