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House Bill 1307


House Bill 1307

ARCHIVE (2007)

Latest Information

 

DIGEST OF INTRODUCED BILL


Property tax exemption for senior citizens. Exempts a homestead from property taxation if: (1) all owners of the homestead are at least 65 years of age; (2) at least one owner of the homestead uses the homestead as a primary residence and has been an owner of the homestead for at least ten consecutive years; (3) the annual income of the individual claiming the exemption, in combination with the annual income of the individual's spouse or co-owners, is less than $25,000; (4) the assessed value of the property is not more than $144,000; and (5) the individual claiming the exemption is not subject to certain delinquent property taxes, assessments, fees, or charges.
Current Status:
 In Committee - first House
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