LOUISVILLE, Ky. (WDRB) -- Kentuckians over the age of 65 are one step closer to saving money on their property taxes.
Senate Bill 67, which passed in committee Wednesday, 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 only applies for those 65 and older, and the home must be their primary residence.Â
The bill's sponsor, Sen. Mike Nemes, R-Shepherdsville, said the bill addresses a growing concern for older Kentuckians, many of whom live on fixed incomes and are struggling with rising costs.
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.
To read the current version of the proposed bill, click here.
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