Bill
S 4586
Overview: Bill Number: S 4586, Title: Permits a real property tax freeze to be granted to certain persons sixty-five years of age or older, Status: REFERRED TO LOCAL GOVERNMENT, In
Overview: Bill Number: S 4586, Title: Permits a real property tax freeze to be granted to certain persons sixty-five years of age or older, Status: REFERRED TO LOCAL GOVERNMENT, Introduced: June 05, 2025
Purpose and Intent: The main goal of this bill is to provide real property tax relief for individuals aged 65 and older who meet certain income and residency requirements. The intent is to help senior citizens on fixed incomes remain in their homes by freezing their property tax assessments.
Key Provisions:
- Allows individuals 65 and older with household incomes below a specified threshold to apply for a real property tax freeze
- Requires applicants to have owned and occupied the property as their primary residence for at least 5 consecutive years
- Freezes the property's assessed value at the level in effect when the tax freeze is granted
- Provides for annual renewals of the tax freeze as long as the eligibility criteria are met
Affected Parties and Impacts:
- Seniors aged 65 and older with limited incomes who own and occupy their primary residences
- Local governments may see reduced property tax revenue from participating households
Procedural and Timeline Considerations:
The bill has been referred to the Senate Local Government Committee for consideration. If passed by the legislature and signed into law, the tax freeze program would likely take effect in the next tax year following implementation.
Compiled from official sources — confirm details with the bill’s official record.
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