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2012 SESSION

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HB 993 Homestead exemption; increases if householder is 65 years of age or older.

Introduced by: Roxann L. Robinson (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Homestead exemption.  Raises the homestead exemption from $5,000 to (i) $25,000, (ii) 20 percent of the property's tax-assessed value, or (iii) 40 percent of the property's tax-assessed value if the householder is 65 years of age or older. The bill requires that the real or personal property subject to the exemption be claimed as the householder's homestead.


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