Bill Title: Provides that the real property tax assessment on property owned by a person 70 years of age or older may be capped at last year's assessment; such assessment shall not be increased as long as ownership remains the same; takes effect sixty days after enactment; requires that it must be adopted by entity selecting assessor.

Spectrum: Partisan Bill (Republican 11-0)

Status: (Introduced - Dead) 2012-05-15 - held for consideration in aging [A09245 Detail]

Text: Latest bill text (Introduced) [HTML]

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