AN ACT proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation.

Summary

The bill would change the Kentucky Constitution so that any rise in the assessed value of a homeowner's permanent residence is not taxed once the owner is 65 or older, or when they first buy the home. It would sit on top of the existing exemption in Section 170 and would only apply to valuation increases that occur after voters approve the amendment.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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