________ refers to a reduction in the property tax one owes if the calculated tax grows to be larger than a given percentage of one's income.

Question

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The circuit breaker exemption is a property tax relief program that provides a reduction in property taxes if the amount owed would exceed a certain percentage of an individual's income. This is designed to provide tax relief for low-income individuals who may not be able to afford their property tax burden. The two-track system, malapportionment, gerrymandering, and collective bargaining are all unrelated concepts to property tax relief programs.

________ Refers to a Reduction in the Property Tax One