Property tax deductions and credits.

Latest bill text (Comm Sub) [PDF]


Property tax deductions and credits. Makes the following property tax changes for assessment dates occurring after December 31, 2024: (1) Increases the assessed value cap from $240,000 to $350,000 that applies to an individual's eligibility for the: (A) over 65 property tax deduction; and (B) over 65 circuit breaker credit; without altering the requirement in current law that any subsequent increases in assessed value are not considered unless the increase is attributable to substantial renovation or new improvements to the property. (2) Eliminates the assessed value cap that applies to the property tax deduction for a veteran who: (A) has a total disability; or (B) is at least 62 years of age and has at least a 10% disability.


Authored by Representative JudyCoauthored by Representatives Cherry, Heine, DeLaney

Fiscal Outlook

Title Description Date View
Fiscal NoteFiscal Note #1: Introduced2024-01-11 Click To View


Date Chamber Action
2024-01-11HouseFirst reading: referred to Committee on Ways and Means
2024-01-11HouseAuthored by Representative Judy
2024-01-11HouseCoauthored by Representatives Cherry, Heine, DeLaney