increase the income limits for a property tax assessment freeze.

Summary

The bill changes the income thresholds that qualify a homeowner for a freeze on their property tax assessment, allowing higher‑earning households to qualify. It also requires those thresholds to rise each year based on the larger of CPI for urban wage earners or the annual Social Security cost‑of‑living adjustment. This expands eligibility and keeps the program aligned with inflation.

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

Topics

Share