Elderly Prop. Tax Appreciation Exclusion.

Summary

The bill lets qualifying seniors defer property taxes on any rise in their home’s appraised value after they meet residency and ownership requirements. It applies to permanent residences and only kicks in after a formal application is accepted. The deferral is treated as a lien that must be paid if the homeowner no longer qualifies.

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

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