Proposing a constitutional amendment to exempt certain elderly persons and their surviving spouses from ad valorem taxation on their residence.

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, it allows for an exemption for individuals who are 65 years of age or older and have received the exemption for at least the preceding 10 years. It also extends the exemption to the surviving spouse if the deceased spouse was eligible for the exemption and the surviving spouse meets certain age and residency criteria. The amendment will be submitted to voters in an election on May 2, 2026.

Proposing a constitutional amendment to exempt certain elderly persons and their surviving spouses from ad valorem taxation on their residence.

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, it allows for an exemption for individuals who are 65 years of age or older and have received the exemption for at least the preceding 10 years. It also extends the exemption to the surviving spouse if the deceased spouse was eligible for the exemption and the surviving spouse meets certain age and residency criteria. The amendment will be submitted to voters in an election on May 2, 2026.