HB1906 creates a senior citizens homestead school levy exemption for qualified property.
HB1906 amends the Property Tax Code to establish a senior citizens homestead school levy exemption for property that meets specific criteria. This exemption applies to property improved with a permanent structure that is occupied as a primary residence by an applicant who is 65 years of age or older, has a household income that does not exceed the maximum income limitation, is liable for paying real property taxes, and is an owner of record or has a legal or equitable interest in the property.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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