Permits persons sixty-five years of age or older to be granted a real property tax freeze.

This bill amends the real property tax law to allow municipalities to grant a real property tax freeze for qualifying real property owned and occupied by persons aged sixty-five or older. The freeze applies to one, two, or three family residences, farm dwellings, or residential properties. The freeze is based on the tax year immediately preceding the effective date of this section. The freeze period ends if no eligible person remains in the property or if the beneficiary fails to reapply. The municipality must provide a 60-day notice before the freeze expires.

Permits persons sixty-five years of age or older to be granted a real property tax freeze.

This bill amends the real property tax law to allow municipalities to grant a real property tax freeze for qualifying real property owned and occupied by persons aged sixty-five or older. The freeze applies to one, two, or three family residences, farm dwellings, or residential properties. The freeze is based on the tax year immediately preceding the effective date of this section. The freeze period ends if no eligible person remains in the property or if the beneficiary fails to reapply. The municipality must provide a 60-day notice before the freeze expires.