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.

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Plain-English Summary

This bill would limit property taxes on homesteads for individuals 65 and older to the amount paid in a base year, starting in 2027. It would also remove property tax exemptions for certain healthcare facilities if comparable services are offered by non-exempt providers in the same or nearby counties. The bill amends and repeals existing property tax laws.

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