Danielv123

Section 9: Large Investment Landlord Taxation Exception

(a) To prevent excessive taxation on property held by large investment landlords and to encourage investment in affordable housing, an exception to the standard assessment ratio shall be established for qualified large investment landlords.
(b) A qualified large investment landlord is defined as an entity or individual that:
(i) Owns and manages a minimum of 100 residential rental units.
(ii) Has at least 80% of the residential rental units designated as affordable housing for low- and moderate-income households, as defined by the U.S. Department of Housing and Urban Development's (HUD) area median income (AMI) guidelines.
(c) For qualified large investment landlords, an alternative assessment ratio shall be applied to their rental properties. This alternative assessment ratio shall be set at a lower percentage than the standard assessment ratio established in Section 4(a) of this Act, but shall not be less than 60% of the property's fair market v

Danielv123

Title: Property Tax Relief and Equity Act of 2023

Section 1: Short Title

This Act may be cited as the "Property Tax Relief and Equity Act of 2023."

Section 2: Purpose

The purpose of this Act is to reform property tax law in the United States to reduce the financial burden on homeowners, promote fairness and equity in the property tax system, and ensure adequate funding for essential public services.

Danielv123

wage1991 = 15075;
inflation = `2019	1.81%	-0.63%
2018	2.44%	0.31%
2017	2.13%	0.87%
2016	1.26%	1.14%
2015	0.12%	-1.50%
2014	1.62%	0.16%
2013	1.46%	-0.60%
2012	2.07%	-1.09%
2011	3.16%	1.52%

Danielv123

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