Referred to Rules Committee
Summary
The bill requires county collectors to cap property tax bills for qualifying low‑income seniors at the amount they paid the year before, starting in 2026. Households must remain eligible for the existing assessment‑freeze exemption, and the cap does not apply if the owner makes improvements that raise the assessed value. This aims to keep taxes predictable for vulnerable seniors while still reflecting value‑adding upgrades.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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