LOUISVILLE, Ky. (WDRB) -- Senate Bill 67, which has been proposed to lawmakers in Frankfort, would help Kentuckians 65 and older save some money on property taxes.

The measure, introduced by Sen. Mike Nemes, R-Shepherdsville, would freeze property tax assessments for homeowners 65 and older on their primary residence. Under the proposal, the assessed value of a property would remain the same once a homeowner turns 65, although they would still be responsible for any rate increases.

"It's for folks over 65 who reside and own their primary residence," Nemes said. "It's only for that property — not any other."

Nemes said the bill addresses a growing concern for older Kentuckians, many of whom live on fixed incomes and are struggling with rising costs.

"A lot of the people on fixed income — the elderly — are getting squeezed," Nemes said.

Earl Drake, 78, has seen firsthand the property tax increases in the 51 years he's owned his home in Louisville.

"They got the house valued at over 200-and-something-thousand," Drake said. "We went in at $22,000."

Drake said the measure would make a meaningful difference for retirees like him and others who rely on income that does not fluctuate.

"Anything that helps add to the economic stature of someone that's retired and drawing — or depending on — social security, anything that benefits them is well deserved," he said.

The bill has garnered bipartisan support, and Nemes is optimistic it could reach Gov. Andy Beshear's desk by the end of the legislative session.

If SB 67 passes, it would require a change to the state's constitution. Therefore, an amendment question would be added to the 2026 General Election ballot for the voters to decide.

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