Provides a tax exemption on real property owned by active auxiliary police officers in certain counties.
This bill amends the real property tax law to provide a tax exemption on real property owned by active auxiliary police officers in local law enforcement agencies in certain counties with populations between 338,000 and 340,000. The exemption applies to the primary residence of the officer and their spouse. The exemption is limited to 10% of the property's assessed value for city, village, town, school district, fire district, or county purposes. The exemption cannot exceed $3,000 multiplied by the latest state equalization rate.
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