Bill Summary

by Diaz

Homestead Taxes for Persons Age 65 and Older; Providing a homestead assessment limitation for certain persons who have attained age 65; requiring a property appraiser to serve a notice of intent to record a notice of tax lien against the property upon persons granted but not entitled to the limitation; revising the additional exemptions that may be granted by counties or municipalities to certain senior, low-income, long-term residents receiving a specified homestead exemption; providing for a homestead exemption equal to the assessed value of the property for certain property held by certain senior, low-income, long-term residents, etc. Effective Date: On the effective date of the amendment to the State Constitution proposed by SJR 1278 or a joint resolution having substantially the same specific intent and purpose, if such amendment to the State Constitution is approved at the general election held in November 2022 or at an earlier special election specifically authorized by law for that purpose

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