House Bill 112

Actions | Amendments
Last Action 03/05/24: floor amendment (1) filed
Title AN ACT relating to the valuation of real property for tax purposes.
Bill Documents Introduced
Fiscal Impact Statement Local Mandate
Bill Request Number 975
Sponsor T. Huff
Summary of Original Version 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.
Index Headings of Original Version Property - Assessed value, property tax, homestead exemption, owners who are 65 or older
Taxation, Property - Assessed value, homestead exemption, owners who are 65 or older
Aged Persons and Aging - Assessed value, property tax, homestead exemption, owners who are 65 or older
Taxation - Property tax, assessed value, homestead exemption, owners who are 65 or older
Local Mandate - Property tax assessment of property homeowners classified as totally disabled
Jump to Proposed Amendments House Floor Amendment 1

Actions

Top | Amendments
01/03/24
  • introduced in House
  • to Committee on Committees (H)
03/05/24
  • floor amendment (1) filed

Proposed Amendments

Top | Actions
Amendment House Floor Amendment 1
Sponsor J. Raymond
Summary Amend KRS 132.810 to require the assessed value of property qualifying for the homestead exemption with an owner who is classified as totally disabled be assessed at a value that is equal to or less than the value of the property in the year the owner was classified as totally disabled or the year the owner purchased the property, whichever occurs later; establish priority requirements for assessing the property of an owner who is 65 years of age or older and classified as totally disabled.
Index Headings Disabilities and the Disabled - Property tax, assessment of property, homeowners classified as totally disabled
Taxation - Property tax, assessment of property, homeowners classified as totally disabled
Taxation, Property - Assessment of property, homeowners classified as totally disabled

Last updated: 4/18/2024 12:47 PM (EDT)