summary
Introduced
02/05/2026
02/05/2026
In Committee
02/10/2026
02/10/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Property Tax Code. Provides that a homestead exemption is granted for property that (i) is located in a county with 1,000,000 or more inhabitants and (ii) is owned and occupied as a principal residence during the taxable year by a qualified municipal worker. Provides that the amount of the homestead exemption shall be a reduction from the equalized assessed value of the property in an amount equal to 5% of the equalized assessed value of the property. Effective immediately.
AI Summary
This bill, effective immediately, amends the Property Tax Code to create a new homestead exemption for qualified municipal workers in counties with at least 1,000,000 inhabitants, starting with the 2027 tax year. A homestead exemption is a reduction in property taxes granted to homeowners for their primary residence. This new exemption will reduce the equalized assessed value of a property by 5% if it is owned and occupied as a principal residence by a "qualified municipal worker," defined as someone employed full-time by the municipality where the property is located and required to live there as a condition of their job. Assessors can verify eligibility through various methods, and this exemption is in addition to any other homestead exemptions, with no state reimbursement required for its implementation.
Sponsors (1)
Last Action
Referred to Rules Committee (on 02/10/2026)
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