Providing for a property tax exemption from local government levies to the extent of the first $100,000 of appraised value for certain owner-occupied homes and authorizing local governments to propose a ballot question to opt out of such property tax exemption.

Summary

The bill would eliminate local property taxes on the first $100,000 of appraised value for owner‑occupied single‑family homes that are valued at $350,000 or less (adjusted for inflation after 2026). It excludes any levy tied to bonds existing on July 1, 2025. Local governments could choose to reject the exemption entirely or partially by placing a ballot question before voters each year.

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