LOUISVILLE, Ky. (WDRB) — A new bill proposed in the Kentucky Senate would cap property taxes for some residents.
Sen. Michael Nemes, R-Shepherdsville, filed Senate Bill 67 that would ensure residents 65 and older do not see an increase in their property taxes on their permanent residence.
“Older residents on a fixed income struggle as it is since they grapple with a fluctuating economy in the golden years,” Nemes said in a statement. “The fiscal impact to the state and localities would be negligible, but it may mean the difference in keeping the heat on or not for some of our elderly residents, whose income remains constant.”
If the bill passes the general assembly with a three-fifths majority, it would be placed on the 2026 ballot for voters. If voters approve it, a constitutional amendment would be added to Kentucky's Constitution.
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