Change the Homestead Exemption

Also relevant to:Homeowner

Where it is in the process

Plain-English Summary

The purpose of this bill is to increase the Homestead Exemption for certain homeowners from $20,000 to 50% of the assessed value of the homestead, unless the assessed property value is less than $40,000, in which case the exemption would be the first $20,000 of assessed value.

Source: OpenStates · fetched January 23, 2026

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