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What part of the tax is property still subject to and is the value of land ever exempt from tax?

April 26, 2017exempt land Property Subject tax value

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What part of the tax is property still subject to and is the value of land ever exempt from tax?

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The property is still subject to tax on the value of the land, voter approved school operating levies approved before January 1, 2004 , general obligation bond levies, and the non-commercial/industrial portion of mixed-use properties or for buildings not occupied by a qualified business. Taxes on land value are never exempt. Only the commercial and industrial improvements occupied by a qualified business are eligible for tax exemptions.