AN ACT proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation.

Propose to create a new section of the Constitution of Kentucky to exempt homeowners who are 65 years of age or older from any increase in the valuation of their permanent residence that is assessed after the later of the year the homeowner turned 65 or the year the homeowner acquired the property; require the exemption to be in addition to the exemption provided in Section 170 of the Constitution of Kentucky and notwithstanding Sections…

Introduced: January 8, 2026

Last action: January 15, 2026

To Elections, Const. Amendments & Intergovernmental Affairs (H)

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This bill proposes a change to Kentucky's Constitution that would freeze the assessed value of a home for property tax purposes once the owner turns 65 or acquires the property, whichever comes later. This means eligible older homeowners would not see their property tax bill go up due to rising home valuations after that point. If approved by the legislature, the measure would be placed on the ballot for Kentucky voters to ratify or reject. Who it may affect: homeowners aged 65 and older who own and live in their permanent residence in Kentucky.

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