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Committee reviews proposal for property tax deferral program targeted to low‑ and moderate‑income homeowners
Summary
Senate Bill 275, sponsored by Senators Craig and Reynolds, would create a property tax deferral revolving fund for homeowners at or below 250% of the federal poverty level, add a manufactured‑home exemption, and require residential rental owner registration. The bill would reimburse counties through a revolving fund and make deferred taxes payable
Senators Craig and Reynolds jointly presented sponsor testimony for Senate Bill 275, which would establish a property tax deferral program for low‑ and moderate‑income homeowners and create a county revolving fund to reimburse local taxing districts.
Sponsors said the program would let eligible homeowners postpone payment of a portion of property taxes rather than risk…
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