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Sponsor says homestead portability and lower cap would help seniors move without losing tax protection
Ways and Means Committee · February 11, 2026
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Summary
Delegate April Miller urged a favorable report on HB 12‑73 to lower the homestead growth cap from 10% to 5% and allow portability of a homeowner’s tax credit up to $500,000 of assessment so seniors and other homeowners can relocate without losing accumulated tax relief.
Delegate April Miller told the Ways and Means Committee House Bill 12‑73 would reduce the homestead cap from 10% to 5% and add portability allowing homeowners to carry their accumulated tax relief to a new principal residence for…
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