Kentucky proposal to freeze property tax for older homeowners clears Senate

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Kentucky lawmakers person precocious a projected law amendment meant to protect older homeowners from having to salary higher spot taxes.

The measurement cleared nan Senate connected a 32-2 ballot Monday and goes to nan House. If it wins support successful some chambers, nan measurement would beryllium placed connected this year's wide predetermination ballot for voters to determine nan issue. Lawmakers will determine successful nan coming weeks which law changes, if any, to put connected nan statewide November ballot. Several different projected law amendments are being considered.

The spot tax-related connection would use to Kentuckians property 65 and older who ain their location and reside there. It would frost nan valuation of their location for taxation purposes erstwhile they scope 65. One lawmaker said he's been contacted by older group pleading for spot taxation relief.

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Its supporters said nan projected law protection is meant to shield older Kentuckians from being deed pinch spot taxation increases. They've already felt nan sting from nan post-pandemic surge in inflation, supporters said. The measure's lead sponsor is Republican Sen. Michael Nemes.

The measurement drew criticism, moreover among immoderate supporters, for lacking a "means test," which would consequence successful wealthy, older Kentuckians benefiting from nan spot taxation frost arsenic good arsenic those successful existent need.

The proposal's supporters stressed that nan intent is to thief older Kentuckians connected fixed incomes who are struggling to salary their spot taxes.

"The intent of this amendment is intelligibly to supply alleviation to those who tin slightest spend a spot taxation increase," said Republican Sen. Phillip Wheeler.

Republican Sen. Jimmy Higdon said he supported nan projected law alteration connected behalf of each nan older Kentuckians who person "called maine begging for alleviation from the spot taxes."

Some senators cautioned that moreover a constricted spot taxation frost would person an effect connected section governments and schoolhouse districts that trust connected spot taxation revenues.