Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
HJR 16 would exempt from ad valorem taxation the total market value of the residence homestead of a person who is 65 years of age or older and has held a homestead exemption for at least 10 years. The exemption would transfer to the surviving spouse if they are 55 or older and continue to occupy the home. It includes protections for pre-existing debt contracts and requires state aid to cover school district revenue losses.
Author (1)