AN ACT relating to the property tax homestead exemption.

This bill would change how often the property tax homestead exemption is adjusted for inflation, moving from every two years to every year. The homestead exemption reduces the taxable value of a home for qualifying residents, so more frequent adjustments could help those exemptions keep pace with rising costs. Who it may affect: homeowners who currently qualify for the property tax homestead exemption, typically older or disabled Kentuckians.

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