A hearing has been scheduled that will examine further property tax cuts. The Senate Committee on Finance has scheduled a hearing for Wednesday, September 2, at 10:00 am.
The following charge will be taken up which pertains to property taxes:
- Further Property Tax Cuts: The Homestead Exemption has proven overwhelmingly popular with voters. It has eliminated school property taxes for the average senior and reduced school taxes in half for those under 65. Study and report on the effect of the continued increasing of the Homestead Exemption. Assess the impact of reducing the senior homestead exemption from 65 to 55 years of age. This change would freeze home values 10 years sooner for over 3 million homeowners, saving 55 plus homeowners thousands of additional dollars.
- Both public and invited testimony will be heard. A live broadcast of the hearing will be available here. The full hearing notice can be found here.
HillCo Partners’ Policy Research Team will produce hearing reports for these respective hearings. Hearing reports are premium content. To access HillCo Partners’ premium content, please view instructions here.
