An Act improving older adult tax relief to address the rising cost of homeownership

Summary

The bill revises the definition of “real estate tax payment” to count water and sewer debt service charges, half of any water/sewer charges where a community hasn’t opted to assess them, and half of homeowners insurance premiums. By expanding what qualifies, the measure aims to increase the tax credit available to seniors who own homes. It applies to owners of both single‑family homes and multi‑unit dwellings.

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

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