Increase in property value for homesteads owned by persons age 65 or older prohibited.

Summary

The bill freezes the market‑value estimate used for property taxes on a senior’s homestead so it cannot be higher than the prior year’s value, unless the owner makes improvements. Homeowners 65 or older (both spouses must be 65 for married couples) must apply each year with proof of age. The change takes effect for the 2026 assessment year and adds notice requirements so owners see the freeze on their tax statements.

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

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