Proposing a constitutional amendment to limit ad valorem taxes on residence homesteads for disabled or elderly persons and their surviving spouses.

This bill proposes a constitutional amendment to limit the total amount of ad valorem taxes that certain political subdivisions may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses. The amendment allows for an election to establish the tax limitation if a disabled or elderly person dies while receiving a homestead exemption. The limitation remains in effect for the surviving spouse if they are disabled or at least 55 years old. The amendment takes effect January 1, 2026, and expires January 1, 2027.

Proposing a constitutional amendment to limit ad valorem taxes on residence homesteads for disabled or elderly persons and their surviving spouses.

This bill proposes a constitutional amendment to limit the total amount of ad valorem taxes that certain political subdivisions may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses. The amendment allows for an election to establish the tax limitation if a disabled or elderly person dies while receiving a homestead exemption. The limitation remains in effect for the surviving spouse if they are disabled or at least 55 years old. The amendment takes effect January 1, 2026, and expires January 1, 2027.