SB2086 amends the Property Tax Code to adjust the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption.
SB2086 amends the Property Tax Code to set the maximum income limitation for the Low-Income Senior Citizens Assessment Freeze Homestead Exemption at $75,000 for taxable year 2025. For taxable years 2026 and beyond, the maximum income limitation will be adjusted by the percentage increase in the Consumer Price Index-U for the 12-month period ending in September of the calendar year immediately preceding the taxable year.
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