Amendment 10 - Tangible Personal Property Tax Exemption

Published On: Sep 17 2012 12:25:57 PM EDT   Updated On: Sep 17 2012 01:57:51 PM EDT

This amendment applies to businesses and would allow for an enhancement of the tangible personal property tax exemption. The exemption would apply to property, such as equipment or furniture, with an assessed value that runs up to $50,000. Currently, the first $25,000 of assessed value of tangible personal property is exempt from ad valorem taxes levied by counties, cities, school districts and other local governments. 

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