Constitutional Amendment to Freeze Property Tax Increases for Homeowners 65 and Older
Plain-English Summary
This proposed constitutional amendment would freeze property tax increases for Kentucky homeowners aged 65 and older. If passed, seniors would pay property taxes based on their home's assessed value from the year they turn 65 or purchase the home, whichever is later, even if the property's market value increases.
What each outcome does
If this amendment passes, homeowners aged 65 and older would have their property tax assessments frozen at the value from the year they turned 65 or purchased their home, preventing future tax increases due to rising property values.
If this amendment fails, property tax assessments for homeowners aged 65 and older would continue to be subject to increases based on rising property values, similar to current law.
Who is funding each side
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