HB23B-1007
Increase 2023 Homestead Property Tax Exemptions
Concerning the provision of property tax relief for the 2023 property tax year through a one-year increase in the maximum amount of existing homestead property tax exemptions, and, in connection therewith, increasing by a specified amount the maximum amount of actual value of the owner-occupied primary residence of a qualifying senior, veteran with a disability, or surviving spouse of such a veteran of which fifty percent is exempt.
Session:
2023 Extraordinary Session
Subjects:
Bill Summary
Fiscal Policy & Taxes
Local Government
State Revenue & Budget
For the 2023 property tax year, the bill increases the maximum amount of actual value of the owner-occupied residence of a qualifying senior, veteran with a disability, or surviving spouse of a veteran with a disability that is exempt from property taxation from $200,000 to $325,000.
(Note: This summary applies to this bill as introduced.)