Allows a real property tax exemption for dwelling units constructed for senior citizens or disabled persons receiving social security disability.

This bill allows a real property tax exemption for dwelling units constructed for senior citizens or disabled persons receiving social security disability benefits. The exemption applies to the increase in assessed value resulting from construction or reconstruction of such property. The exemption is subject to certain conditions, including that the property is located within a permitted area and that the construction or reconstruction complies with local zoning ordinances.

Allows a real property tax exemption for dwelling units constructed for senior citizens or disabled persons receiving social security disability.

This bill allows a real property tax exemption for dwelling units constructed for senior citizens or disabled persons receiving social security disability benefits. The exemption applies to the increase in assessed value resulting from construction or reconstruction of such property. The exemption is subject to certain conditions, including that the property is located within a permitted area and that the construction or reconstruction complies with local zoning ordinances.