Annual Income for
Income Tax Year
|
Percentage of Assessed Valuation Exempt
from Taxation
| |
---|---|---|
$50,000 or less
|
50%
| |
More than $50,000 but less than $51,000
|
45%
| |
$51,000 or more but less than $52,000
|
40%
| |
$52,000 or more but less than $53,000
|
35%
| |
$53,000 or more but less than $53,900
|
30%
| |
$53,900 or more but less than $54,800
|
25%
| |
$54,800 or more but less than $55,700
|
20%
| |
$55,700 or more but less than $56,600
|
15%
| |
$56,600 or more but less than $57,500
|
10%
| |
$57,500 or more but less than $58,400
|
5%
|