Provides, for purposes of ad valorem property taxation, a specially assessed value for the owner-occupied primary residences of individuals who are at least 65 years of age.

Summary

Digest: The Act would grant a specially assessed property tax value for the homes of people who are at least 65 years old. (Flesch Readability Score: 69.1). Provides, for purposes of ad valorem property taxation, a specially assessed value for the owner-occupied primary residences of individuals who are at least 65 years of age. Takes effect on the 91st day following adjournment sine die.