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Sponsor outlines proposal to freeze property tax value for long-term owner-occupants aged 55+; committee asks implementation questions
Summary
Representative Oblander introduced House Bill 461 to freeze taxable value for qualifying long-term owner-occupants so elderly residents on fixed incomes can remain in their homes, with eligibility tied to a 10-year primary-residence requirement and proposed means testing.
Representative Oblander presented House Bill 461, a proposal to provide a property-tax exemption for owner-occupied homes when the occupant reaches a statutory age threshold. “The intent of this bill is to provide an exemption for them…to have their property taxes frozen,” Representative Oblander said, describing a program aimed at long-term residents on fixed incomes.
Under the bill as described, eligibility would require the residence to be the owner’s primary home for at least 10 years, and the exemption would freeze the market (taxable) value going forward. Sponsor amendments discussed during the hearing would raise the age threshold (the sponsor mentioned…
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