Section 10-6B-7 - Amount of reduction of real property taxes due for a multiple-member household.
10-6B-7. Amount of reduction of real property taxes due for a multiple-member household. The amount of reduction of real property taxes due for a multiple-member household made pursuant to this chapter is according to the following schedule:
The reduction of real If household income is property taxes due at least: but not more than shall be $ 0 $5,640 55% 5,641 5,758 53% 5,759 5,876 51% 5,877 5,994 49% 5,995 6,112 47% 6,113 6,230 45% 6,231 6,348 43% 6,349 6,466 41% 6,467 6,584 39% 6,585 6,702 37% 6,703 6,820 35% 6,821 6,938 33% 6,939 7,056 31% 7,057 7,174 29% 7,175 7,292 27% 7,293 7,410 25% 7,411 7,528 24% 7,529 7,646 23% 7,647 7,764 22% over 7,765 No reduction
Source: SL 1987, ch 86, § 7; SL 1988, ch 96, § 7.