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HB 112 KY
Introduced

AN ACT relating to the valuation of real property for tax purposes.

KY · session 2024RS · Assembly / House · bill

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Introduced Jan 3, 2024

Latest action (Mar 5, 2024) floor amendment (1) filed

Summary

Amend KRS 132.810 to require the assessed value of property qualifying for the homestead exemption with an owner who is 65 years of age or older be assessed at a value that is equal to or less than the value of the property in the year the owner turns 65 or the year the owner purchased the property, whichever occurs later; apply to property assessed on or after January 1, 2025.

Sponsor (1)

Action history (3)
  1. Jan 3, 2024 introduced in House · lower
  2. Jan 3, 2024 to Committee on Committees (H) · lower
  3. Mar 5, 2024 floor amendment (1) filed · lower
Subjects
Aged Persons and AgingLocal MandatePropertyTaxationTaxation, Property

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF

Full text

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