Relating to property taxation by authorizing cities and counties to adopt ordinances providing for the abatement of property taxes due for certain persons seventy years of age or older and including applicability provisions

The bill provides, however, that an abatement ordinance may establish household income limitations that are less than $45,000. The bill provides that the amount of taxes that are abated shall not cause the remaining amount of property taxes due on the homestead to be less than the amount of property taxes due on the homestead in the fiscal year preceding the year for which the claim is filed following any abatement allowed under the bill, if applicable, or the amount of property taxes due on the homestead for the first fiscal year for which the homestead was assessed following completion of construction, whichever is greater. Claims for abatement authorized under the bill must be made annually with the county treasurer and must be filed between January and March preceding the fiscal year in which the property taxes are due and payable. Every claimant is required to provide to the county treasurer, in support of the claim, reasonable proof of age, size and nature of the property claimed as the homestead, household income, and any additional proof necessary to support the claim. The bill applies to ordinances for the abatement of property taxes due and payable in fiscal years beginning on or after July 1, 2021.