Abandoned homestead property taxation.

Authors: Representative Justin Moed

Co-authors: Representative Dennis Zent, Representative John Price, Representative Robin Shackleford


Allows a county or city fiscal body to adopt an ordinance to grant an assessed value property tax deduction for abandoned homesteads that become owner occupied by a military veteran, member of the military, public safety officer, or licensed teacher. Provides that the deduction may be for up to 10 years and at percentages specified in the fiscal body's ordinance. Permits the fiscal body to establish additional criteria for a homestead to be eligible for the deduction. Requires an application process and an annual filing by the property owner. Allows the department of local government finance to adopt rules to implement the deduction.