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What is the difference between Principal Residence and Non-Principal Residence?

April 26, 2017difference non-principal Principal Residence

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What is the difference between Principal Residence and Non-Principal Residence?

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If you own and occupy your home as your residence, it should qualify as Principal Residence and it may be exempt from a portion of your local school operating taxes. Non-residence and business are considered Non-Principal Residence and are liable for school operating taxes.