Authorizes a real property tax exemption for taxpayers sixty-five years of age or older who own a homestead

This bill creates a property tax exemption for homesteads owned by individuals who are at least 65 years old. If passed, this exemption would take effect for tax years beginning on or after January 1, 2027. The state would reimburse local governments for lost tax revenue, and eligible owners receiving this exemption could not get other property tax relief.

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