Increase statutory property tax exemption amounts for improvements to single dwelling units under "Five-Year Exemption and Abatement Law."

Summary

The measure proposes to increase the amount of property‑tax exemption that homeowners can claim for improvements to single‑family houses. It applies to owners of single dwelling units and aims to lower their tax bills after making upgrades. The change builds on the existing Five‑Year Exemption and Abatement Law.

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