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Bill

HB 2457

Restricting residential homestead property taxes to not more than the established base of property taxes owed for individuals 65 years of age and older and eliminating the property tax exemption for certain commercial properties used for healthcare when in competition with other non-exempt properties.

2025-2026 Regular Session

HB 2457 freezes property taxes for seniors 65+ at base year rates and eliminates tax exemptions for competitive commercial healthcare facilities to offset revenue loss.

Died in Committee
#taxation
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WeVote Research Nonpartisan
Bill Summary · HB 2457

Legislative bill overview

HB 2457 creates a property tax freeze for homeowners age 65 and older, capping their residential taxes at the base year amount regardless of home value increases. Simultaneously, it eliminates property tax exemptions for commercial healthcare properties that compete with non-exempt healthcare businesses, requiring these facilities to pay standard commercial property taxes.

Why is this important

The senior tax freeze directly affects fixed-income retirees by protecting them from escalating property taxes during inflation, potentially allowing them to remain in their homes longer. The healthcare exemption elimination changes the competitive landscape for medical facilities and could increase operational costs for some healthcare providers while generating additional tax revenue for local jurisdictions.

Potential points of contention

  • Revenue impact: Freezing senior taxes reduces municipal and school funding while eliminating healthcare exemptions attempts to offset losses—unclear if revenue neutral or creates gaps in local budgets
  • Healthcare provider burden: Competitive disadvantage for exempt healthcare facilities now paying taxes versus those operating without exemptions; may affect service availability or costs in rural areas
  • Eligibility and implementation: Definition of "in competition" is vague; determining which facilities qualify and administering the change requires clear criteria and enforcement mechanisms
  • Fairness arguments: Seniors receive preferential treatment while other fixed-income homeowners do not; healthcare facilities lose exemptions while other nonprofits may retain theirs

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

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