2006 House Bill 5907

Authorize Proposal A “pop up” exemption

Introduced in the House

March 23, 2006

Introduced by Rep. Leslie Mortimer (R-65)

To exempt from the Proposal A taxable value “pop-up” homestead property that is purchased by a person age 65 or older. The “pop-up” is where the state equalized value (market value) of newly-sold property becomes the basis for its property tax assessment, rather than the capped “taxable value” of the previous owner, which is lower.

Referred to the Committee on Tax Policy