HB 1580
"III.(a) The surcharge under paragraph II shall not apply to:
(1) Properties used as the owner’s principal place of abode.
(2) Long-term rental properties leased for 6 or more consecutive months per year to the same tenant.
(3) Properties with an assessed market value below $500,000."
HB1707 has the same thing. But HB 1580 allows for second homes that are not rented out for at least six months to be exempt if they have a low enough market value.
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