S3160 — Provides an eight percent (8%) tax rate for those properties that are encumbered by a deed restriction for low-income housing set at eight percent (80%) or sixty percent (60%) of adjusted median income established by HUD.

S3160 — Provides an eight percent (8%) tax rate for those properties that are encumbered by a deed restriction for low-income housing set at eight percent (80%) or sixty percent (60%) of adjusted median income established by HUD. · Informed CitizenryThis legislation amends property taxation rules to establish a specific tax rate for certain types of affordable housing. Specifically, it sets an eight percent (8%) tax rate for properties that ar…Open in Informed Citizenry