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Sponsor proposes property tax freeze for qualifying seniors, sparking constitutional and fiscal questions
Summary
Representative Isaacson testified for House Bill 156, which would freeze property taxes for qualifying homeowners at age 65 if taxable income is under $50,000, home value is under $500,000 and residency of at least two years; members asked about state reimbursement, constitutional uniformity, and fiscal cost.
Representative Isaacson told the House Ways and Means Committee that House Bill 156 would freeze property taxes for qualifying seniors when they turn 65, a measure he and his co-sponsor argue would prevent seniors from being taxed out of their homes.
"When you turn 65 ... your property taxes would be frozen at that rate," Representative Isaacson said, describing eligibility as a taxable income below $50,000, a home value under…
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