Proposing a constitutional amendment to phase out ad valorem taxes on the residence homesteads of elderly persons by 2021.
Impact
The implications of HJR83 are profound as it seeks to modify existing state laws concerning property taxation for homeowners aged 65 and older. The proposed changes will establish a more favorable taxation environment for senior citizens, potentially alleviating financial strains faced in retirement. As a result, this could lead to increased homeownership retention among elderly individuals, thereby promoting stability within communities. However, this shift could also result in a decrease in revenue for local governments, necessitating their plans to mitigate any adverse effects this change may have on funding essential services.
Summary
HJR83 proposes a significant constitutional amendment aimed at phasing out ad valorem taxes on the residence homesteads of elderly individuals by the year 2021. This bill introduces provisions that require local governing bodies, such as counties and school districts, to exempt a minimum of $3,000 of the market value of eligible homesteads from ad valorem taxes. Additionally, it allows for larger exemptions based on the age and disability status of the resident, with the intent of reducing financial burdens on elderly homeowners.
Sentiment
The general sentiment surrounding HJR83 appears to be supportive among advocates for elderly rights and financial assistance, reflecting a need for policies that cater specifically to the aging population. Proponents argue that the bill is a necessary measure to ensure that senior citizens can afford to remain in their homes without the fear of rising property taxes. However, critics raise concerns over the potential loss of vital revenue for local authorities, impacting public services such as education and infrastructure, which could polarize opinions on the bill's long-term effectiveness.
Contention
A notable point of contention revolves around the balance between providing tax relief for the elderly and the financial implications for local governments. While supporters of HJR83 advocate for the necessity of supporting vulnerable populations, opponents emphasize the importance of sustaining tax revenues necessary for public services. Furthermore, there are concerns about whether localities will have the ability to recoup these losses through alternative means, which could lead to challenges in implementing such exemptions equitably across different regions.
Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount.
Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in the exemption amount.
Proposing a constitutional amendment authorizing the legislature to increase the amount of the exemption from ad valorem taxation by a school district of the market value of the residence homestead of a person who is elderly or disabled.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.
Proposing a constitutional amendment establishing a limitation on the total amount of ad valorem taxes that certain political subdivisions may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.
Proposing a constitutional amendment establishing a limitation on the total amount of ad valorem taxes that certain political subdivisions may impose on the residence homesteads of persons who are disabled or elderly and their surviving spouses.
Proposing a constitutional amendment relating to the calculation of a limitation on the total amount of ad valorem taxes that may be imposed by certain political subdivisions on the residence homestead of a person who is elderly or disabled.
Proposing a constitutional amendment to appropriate money from the economic stabilization fund to the foundation school fund and use the money to finance a temporary increase in the amount of the exemption of residence homesteads from ad valorem taxation by a school district and a temporary reduction in the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.
Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to reduce the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.
Proposing a constitutional amendment to increase the amount of the exemption of residence homesteads from ad valorem taxation by a school district and to reduce the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect the increased exemption amount.
Proposing a constitutional amendment relating to the calculation of a limitation on the total amount of ad valorem taxes that may be imposed by certain political subdivisions on the residence homestead of a person who is elderly or disabled.
Proposing a constitutional amendment to revise the ad valorem tax limitations on residence homesteads of elderly and disabled persons and their surviving spouses to take into account certain residence homestead exemptions.
Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.
Proposing a constitutional amendment to increase the amount of the exemption from ad valorem taxation by a school district applicable to residence homesteads, to adjust the amount of the limitation on school district ad valorem taxes imposed on the residence homesteads of the elderly or disabled to reflect increases in certain exemption amounts, and to except certain appropriations to pay for school district ad valorem tax relief from the constitutional limitation on the rate of growth of appropriations.