A homeowner asks, “I’m turning 65 in July, does that mean that my property taxes won’t go up this year?
Category: Real Property Questions
Amendment 79 caps the assessment on a person’s principle place of residence once he or she is 65 years of age. It does not cap taxes. Even if someone’s assessment does not increase, his or her taxes will if there is a millage rate increase in the city, county, or school district where he or she resides.