WeVote
Log In

Bill

Bill

HB 1193

PROP TX-SENIOR FREEZE-CPI

104th Regular Session Introduced by Regan Deering and 1 co-sponsor

Freeze property tax assessments for senior homeowners with annual CPI adjustments to control housing costs for fixed-income retirees while limiting revenue growth for local governments.

Rule 19(a) / Re-referred to Rules Committee
0
WeVote Research Nonpartisan
Bill Summary · HB 1193

Legislative bill overview

HB 1193 proposes to freeze property tax assessments for senior homeowners and adjust the freeze annually based on the Consumer Price Index (CPI). This would prevent seniors' property tax bills from increasing due to rising home assessments while allowing modest adjustments tied to inflation rather than property value appreciation.

Why is this important

Senior citizens on fixed incomes face significant financial hardship when property assessments increase, potentially forcing them from long-held homes despite stable or declining real income. This proposal directly addresses affordability for a vulnerable demographic while potentially reducing tax revenue volatility for local taxing bodies through predictable, inflation-based adjustments.

Potential points of contention

  • Revenue impact on local governments: Schools, municipalities, and fire districts dependent on property tax revenue could face budget shortfalls if significant portions of their tax base become frozen, potentially requiring service cuts or tax rate increases on non-senior properties
  • Definition and eligibility: Unclear criteria for "senior" status, income thresholds, residency requirements, and whether the freeze applies to primary residences only could create administrative complexity and fairness disputes
  • CPI adjustment mechanism: Whether annual CPI adjustments adequately reflect actual service cost inflation (which often exceeds general CPI), and potential disputes over which CPI index applies

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.