Added as Co-Sponsor Sen. Donald P. DeWitte
Summary
The bill changes the general homestead exemption so that starting in 2027 the maximum reduction will rise each year by the Consumer Price Index increase. It also sets current maximum exemption amounts, adds a $5,000 extra exemption for households earning $30,000 or less in certain counties, and outlines procedures for leasehold properties, owner‑occupancy notices, and how exemptions are handled after a sale. The changes affect homeowners, leaseholders, low‑income families, and county assessors across the state.
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