Kentucky HB100 proposes amending the state constitution to increase the property tax homestead exemption to $100,000 and index it annually.
Kentucky HB100 proposes an amendment to Section 170 of the Constitution of Kentucky to increase the property tax homestead exemption to $100,000 and allow it to be indexed annually. If ratified by voters, the amendment would apply to real property assessments starting January 1, 2027. The exemption would cover various types of property ownership, including legal or equitable title, joint ownership, condominiums, and stock ownership in corporations. The amendment would exempt the property from taxation, except for special benefits.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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