City Council
Council Debates Pros and Cons of the Longtime Owner Occupant Tax Exemption Program (LOOP), Details, and Timing.
Under a proposed program, eligible longtime homeowners whose taxes rose 50% after reassessment would pay only 25% more. For now, council is holding the bill until a public hearing, which isn't scheduled yet. One member worried about unknown financial effects while reassessment isn't imminent. But two others said passing it now could reassure older homeowners afraid of future tax increases.