Senior Property Tax Relief Modernization Act.

Summary

The bill rewrites the elderly or disabled homestead exemption to give a full $25,000 or 50% of home value deduction, then phases it out as income rises, and lets eligible owners also claim the homestead circuit‑breaker credit. It also reimburses counties for lost revenue and provides grants to the state association of county commissioners for more frequent property reappraisals. The changes aim to ease tax burdens on seniors and disabled homeowners with limited incomes.

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

Topics

Share