LOUISVILLE, Ky. (WDRB) — Senate Bill 67, which has been proposed to lawmakers in Frankfort, would help Kentuckians 65 and older save some money on property taxes.
The measure, introduced by Sen. Mike Nemes, R-Shepherdsville, would freeze property tax assessments for homeowners 65 and older on their primary residence. Under the proposal, the assessed value of a property would remain the same once a homeowner turns 65, although they would still be responsible for any rate increases.
“It’s for folks over 65 who reside and own their primary residence,” Nemes said. “It’s only for that property — not any other.”…