Assessed value deduction for disabled veterans. Increases the assessed value cap, from $200,000 to $240,000, that applies to the property tax deduction for a veteran who: (1) has a total disability; or (2) is at least 62 years of age and has at least a 10% disability. Provides that for purposes of determining the assessed value of the real property, mobile home, or manufactured home for an individual who has received a deduction in a previous year, increases in assessed value that occur after December 31, 2024, are not considered for purposes of determining whether an individual is eligible to receive the deduction.
Authored by Representative Cherry |
Title | Description | Date | View |
---|---|---|---|
Fiscal Note | Fiscal Note #1: Introduced | 2024-01-04 | Click To View |