Introduced
by
To exempt homestead property that is purchased by a person who is disabled or age 60 or more and who is moving from another homestead in the same jurisdiction from the Proposal A taxable value “pop-up.” The “pop-up” is where the state equalized value (market value) of newly-sold property becomes the basis for its property tax assessment, rather than the capped “taxable value” of the previous owner, which is lower.
Referred to the Committee on Tax Policy
