Kentucky HB235 proposes a constitutional amendment to exempt property tax increases for seniors aged 65 and older.
Kentucky HB235 proposes an amendment to the state constitution to exempt from property tax any increase in the valuation of real property that is the permanent residence of an owner who is 65 years of age or older. This exemption applies to increases in property values assessed after the owner turns 65 or after acquiring the property, whichever is later. The amendment, if ratified, will be published and voted on at the next regular election. The exemption will only apply to property value increases occurring after the amendment's ratification.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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