Allows senior citizens to apply for tax exemption on property purchased after taxes are levied.

This bill amends the real property tax law to allow a senior citizen who meets the requirements for an enhanced exemption to apply for exemption within thirty days of purchasing property after taxes are levied. The assessor must determine if the property would have qualified for exemption if the senior citizen owned it on the taxable status date. The bill applies to property transfers to qualified senior citizens after the bill's effective date.

Allows senior citizens to apply for tax exemption on property purchased after taxes are levied.

This bill amends the real property tax law to allow a senior citizen who meets the requirements for an enhanced exemption to apply for exemption within thirty days of purchasing property after taxes are levied. The assessor must determine if the property would have qualified for exemption if the senior citizen owned it on the taxable status date. The bill applies to property transfers to qualified senior citizens after the bill's effective date.