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Bill to expand senior homestead tax‑deferral program advances to committee hearing; sponsors emphasize outreach and expanded eligibility
Summary
Representative E. Warner Reschke presented House Bill 3712 on March 18, proposing to expand the Homestead Property Tax Deferral Program by raising the income limit from $60,000 to $80,000 and cutting the residency requirement from five years to three.
Representative E. Warner Reschke presented House Bill 3712 on March 18, proposing changes to the Homestead Property Tax Deferral Program to expand eligibility and address low participation.
“House Bill 3,712 relates to the Homestead Property Tax Deferral Program, which is available for seniors and disabled persons. What the bill does is it increases the household income limit for the program from 60,000 to 80,000 per year, reduces the residency requirement from 5 years to 3 years, and increases the homestead real market value for each county except for owners who have lived in the homestead for less than 7 years or more than 22 years,” the Legislative Revenue Office summarized for the…
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