Homestead exemption; increase for persons 65 years of age or older.

Summary

HB 913 amends the state code to increase the ad valorem tax exemption for qualified homeowners who are 65 years of age or older, raising the maximum exemption from $7,500 to $12,500 beginning in 2027. It adds a sliding exemption schedule based on assessed value and splits the benefit evenly between school district and county general‑fund taxes. The change is intended to give senior homeowners greater property‑tax relief.

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

Topics

Share