Tangible tax savings could occur

Levy County Property Appraiser Francis Akins recently released the second of four sets of information regarding the Jan. 29 ballot question related to modifying Homestead Exemption.

The first part was in regard to the increased exemption. This release is about tangible personal property taxes.

The property tax reform package provides for an exemption of $25,000 of the assessed value of tangible personal property (TPP), Akins said.

The TPP exemption applies to all levies imposed by taxing authorities, including school districts, Akins said.

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