HB 887, Age Based Reduced Educational Property Tax Assessment

Municipal Impact
GMA Contact
Bill Sponsor

Rep. Ron Stephens
District 164

This bill would allow for property with a homestead exemption and owned by individuals 65 years of age or older, to be assessed at 20 percent of fair market value for purposes of educational ad valorem taxes. The reduced assessment would be allowed following a resolution by the local school district and approval by referendum. 

House Resolution 571 provides the required accompanying constitutional amendment. 

Last Updated: 1/13/2022
Subject Area: Taxation - State Only
Resources: bill text
1/14/2022 - Assigned To House Committee
House Ways & Means

Comment on this Bill

HB 887 In The News