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The final rate will be determined at two public budget hearings in October. The preliminary rate can be lowered, but it cannot be raised. Homeowners could see a smaller or larger government tax bill compared to last year depending on when they purchased their properties. Longtime homeowners whose assessed values haven’t caught up with its taxable value would pay more because home values have been kept artificially low beneath a state law known as Save Our Homes. Recent buyers, whose assessed value has fallen, could break even or pay less.
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