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Committee advances property‑tax reforms and a senior relief redesign amid sharp public comment
Summary
Lawmakers favorably recommended multiple property‑tax measures — a senior relief deferral (SB78), caps and new‑growth changes (SB97), and amendments changing school funding flows (SB65) — after extensive testimony from auditors, county treasurers, housing advocates and municipal representatives.
The Revenue and Taxation Committee on Jan. 28 advanced several bills that would reshape property‑tax policy and relief programs.
SB78, presented by Senator Dan McKay, would redesign relief for low‑income seniors by expanding eligibility and shifting from a circuit‑breaker abatement to a deferral model that preserves the tax base while allowing homeowners to defer some growth in property taxes. The substitute raises nondiscretionary household income eligibility to $75,000, sets preferred interest rates on deferrals (e.g., 3% nondiscretionary, 2% discretionary for the most indigent), and extends the…
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