Proposing a constitutional amendment to lengthen the period for redeeming the residence homestead of an elderly person sold at an ad valorem tax sale.

This bill proposes a constitutional amendment to extend the redemption period for elderly homeowners (65 or older) who lose their primary residence at a tax sale. Currently, owners have two years to buy back their home by paying the sale price plus fees and up to 25% extra. The amendment would lengthen this to four years, requiring payment of the sale price plus fees plus up to 50% extra during the final year. It must be approved by voters in November 2025 before taking effect on January 1, 2026, and would only apply to properties with deeds filed for record after that date.