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Bill > HB235
KY HB235
KY HB235AN ACT proposing to create a new section of the Constitution of Kentucky relating to property exempt from taxation.
summary
Introduced
01/08/2026
01/08/2026
In Committee
01/15/2026
01/15/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Propose to create a new section of the Constitution of Kentucky to exempt homeowners who are 65 years of age or older from any increase in the valuation of their permanent residence that is assessed after the later of the year the homeowner turned 65 or the year the homeowner acquired the property; require the exemption to be in addition to the exemption provided in Section 170 of the Constitution of Kentucky and notwithstanding Sections 171, 172, and 174 of the Constitution of Kentucky; apply the exemption to increases in valuation that occur after the date the amendment is ratified by the voters; provide ballot language; submit to voters for ratification or rejection.
AI Summary
This bill proposes to amend the Kentucky Constitution to create a new property tax exemption for homeowners aged 65 and older. Specifically, it would exempt any increase in the assessed value of their permanent residence from ad valorem taxation (a tax based on the assessed value of property) if that increase occurs after they turn 65 or after they acquire the property, whichever is later. This exemption would be in addition to any other property tax exemptions already provided under Section 170 of the Kentucky Constitution and would override conflicting provisions in Sections 171, 172, and 174. The proposed amendment will be presented to Kentucky voters for their approval or rejection, and if ratified, it will only apply to valuation increases that happen after the date of ratification.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
to Elections, Const. Amendments & Intergovernmental Affairs (H) (on 01/15/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/26RS/hb235.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/hb235/orig_bill.pdf |
| Local Mandate Fiscal Impact | https://apps.legislature.ky.gov/recorddocuments/note/26RS/hb235/LM.pdf |
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