Year

Statutory Assessment Level
(% of Market Value)

Real Property Intangible Exemption
(Apply to Locally Assessed Only)

Primary Residential Exemption

Total Taxable Value as a Percentage of Market Value

Primary Residential

1961 - 1978

30 %

0%

0%

30%

1979 - 1980

25%

0%

0%

25%

1981 - 1982

20%

20%

0%

16%

1983

20%

0%

25%

15%

1984 - 1985

20%

20%

25%

12%

1986 - 1990

100%

20%

25%

60%

1991

100%

5%

29.75%

66.74%

1992 - 1993

100%

5%

29.50%

66.975%

1994

100%

0%

32%

68%

1995 - Present

100%

0%

45%

55%

Other Locally Assessed Real Property

1961 - 1978

30%

0%

N/A

30%

1979 - 1980

25%

0%

N/A

25%

1981 - 1982

20%

20%

N/A

16%

1983

20%

0%

N/A

20%

1984 - 1985

20%

20%

N/A

16%

1986 - 1990

100%

20%

N/A

80%

1991

100%

5%

N/A

95%

1992 - 1993

100%

5%

N/A

95%

1994 - Present

100%

0%

N/A

100%

Personal Property

1961 - 1978

30%

N/A

N/A

30%

1979 - 1980

25%

N/A

N/A

25%

1981 - 1985

20%

N/A

N/A

20%

1986 - Present

100%

N/A

N/A

100%

Centrally Assessed Property

1961 - 1978

30%

N/A

N/A

30%

1979 - 1980

25%

N/A

N/A

25%

1981 - 1985

20%

N/A

N/A

20%