Creating a homestead exemption for seniors, persons retired due to disability, and veterans with disabilities.

Also relevant to:Person with a disability Homeowner

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Plain-English Summary

This bill creates a homestead exemption for property taxes, starting in 2027. It would allow seniors, people retired due to disability, and disabled veterans with incomes below a certain amount to exempt up to $150,000 of their home's assessed value from property taxes. Claimants would need to apply and meet specific residency and ownership requirements.

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