- Introduced -

SB 759 - This act freezes the assessed valuation of homestead property owned by individuals or married couples aged 65 and older during the period of ownership in any county where approved by the voters. When the property is transferred, the previous owners owe property taxes on the increased value of the property.

The act has a referendum clause and would be submitted to the voters in November, 2002, unless the Governor selects an earlier date.

This act is identical to SB 584 (2001).

JEFF CRAVER