Proposing a constitutional amendment to exempt from ad valorem taxation the residence homesteads of certain elderly persons and their surviving.

This bill proposes a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses. Specifically, a person aged 70 or older is entitled to an exemption, as is the surviving spouse if they were 55 or older when the deceased spouse died and the property remained their homestead. The amendment takes effect January 1, 2026, and expires January 1, 2027. The amendment will be submitted to voters in the November 4, 2025 election.

Proposing a constitutional amendment to exempt from ad valorem taxation the residence homesteads of certain elderly persons and their surviving.

This bill proposes a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses. Specifically, a person aged 70 or older is entitled to an exemption, as is the surviving spouse if they were 55 or older when the deceased spouse died and the property remained their homestead. The amendment takes effect January 1, 2026, and expires January 1, 2027. The amendment will be submitted to voters in the November 4, 2025 election.