Proposing a constitutional amendment to increase the exemption of residence homesteads from ad valorem taxation by a school district.

This bill proposes a constitutional amendment to increase the exemption of residence homesteads from ad valorem taxation by a school district. The amendment raises the exemption amount from $100,000 to $140,000. It also allows for exemptions for disabled persons and those 65 years of age or older on economic need, with certain conditions. The amendment will be submitted to voters in the November 4, 2025 election.

Proposing a constitutional amendment to increase the exemption of residence homesteads from ad valorem taxation by a school district.

This bill proposes a constitutional amendment to increase the exemption of residence homesteads from ad valorem taxation by a school district. The amendment raises the exemption amount from $100,000 to $140,000. It also allows for exemptions for disabled persons and those 65 years of age or older on economic need, with certain conditions. The amendment will be submitted to voters in the November 4, 2025 election.