Principle Criteria
Free Enterprise
Property Rights
Personal Responsibility
Limited Government
Individual Liberty
Digest
SB 2520 clarifies the limitation on school district property taxes for elderly and disabled homeowners. It ensures that, after qualifying for an exemption, a homeowner’s property tax cap is set at the lower amount of either the previous year’s tax bill or the first-year tax assessment following exemption qualification. This provision prevents unexpected increases in tax liability for seniors and disabled individuals.
Author (1)
Paul Bettencourt
Sponsor (1)
Candy Noble