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Income thresholds amounts The percentage of median county household income allowable for each income threshold increases effective Aug. 1, 2023. Revised exemption program income thresholds Income threshold Tax years 2019 and earlier Tax years 2020 through 2023 Tax years 2024 and after 1 $30,000 The greater of IT1 for the previous year or 45% of median county household income where the property is located. The greater of IT1 for the previous year or 50% of median county household income where the property is located. 2 $35,000 The greater of IT2 for the previous year or 55% of median county household income where the property is located. The greater of IT2 for the previous year or 60% of median county household income where the property is located. 3 $40,000 The greater of IT3 for the previous year or 65% of median county household income where the property is located. The greater of IT3 for the previous year or 70% of median county household income where the property is located
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