AN ACT RELATING TO TAXATION -- PROPERTY SUBJECT TO TAXATION

Summary

The bill amends the state’s property‑tax code so that listed municipalities may grant additional exemptions to owners who are 65 or older. Each locality can set its own exemption limit—ranging from $7,500 to $58,000—and the relief is added to any other exemptions the owner already receives, without regard to income. The change is intended to lower the tax burden for senior homeowners.

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