HB3163: Relating to a specially assessed value for the residences of seniors; prescribing an effective date.
Legislative Summary
The Act would let counties opt to grant a specially assessed property tax value for the homes of people who are at least 62 years old. (Flesch Readability Score: 66.5). Allows counties to adopt an ordinance or resolution that provides, for purposes of ad valorem property taxation, a specially assessed value for the owner-occupied primary residences of individuals who are at least 62 years of age. Takes effect on the 91st day following adjournment sine die.
Demographic Impact
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