Relating to a specially assessed value for the homesteads of seniors; prescribing an effective date.

Provides, for purposes of ad valorem property taxation, a specially assessed value for the homestead of individuals who are at least 70 years old. Sunsets the program after six years. Maintains the specially assessed value for homesteads granted the specially assessed value before the sunset date as long as the homesteads continue to qualify for it. Takes effect on the 91st day following adjournment sine die.