Property tax freeze for persons 65 and older.

HB 1656 would freeze the property tax amount for homeowners aged 65 or older on their primary residence (homestead). It directly affects seniors who own and live in their homes, preventing annual tax increases tied to rising property values. The bill’s key mechanism locks the tax liability at its current level, meaning the bill amount won’t rise even if the home’s assessed value increases. This is a permanent change to the tax calculation for qualifying homeowners, not a temporary measure.