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

Summary

The bill proposes a new section to the Kentucky Constitution that would stop ad valorem taxes on any increase in the assessed value of a permanent residence owned by someone who is 65 or older. The exemption would apply only to value gains that occur after the owner turns 65 (or after they buy the home) and would be added to existing homeowner exemptions. Voters would decide the amendment at the next regular election.

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

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