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Committee approves bill to freeze property assessments for qualifying seniors' primary residence
Summary
Senate Bill 67, introduced by Committee Chair Senator Nimas, passed the committee and will move to the Senate floor.
Senate Bill 67, introduced and presented by Committee Chair Senator Nimas (District 38), passed the Senate State and Local Government Committee with a favorable expression and will be carried to the Senate floor.
The bill would allow a senior homeowner who turns 65, lives in the property as their primary residence and owns the property to have the property assessment "captured" at that level for taxation purposes so long as they continue to use the property as their primary residence. Senator Nimas described the measure as aimed at seniors on fixed incomes: "When a senior citizen turns 65 or older, lives in their…
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