Kentucky legislators propose bill targeting property tax relief for seniors | Politics

Senate Bill 67, proposed in Frankfort, aims to help Kentuckians aged 65 and older save money on property taxes by freezing assessments on their primary residence. The bill, introduced by Sen. Mike Nemes, has bipartisan support and addresses the financial struggles faced by many elderly residents living on fixed incomes. If passed, the measure would require a constitutional amendment and be added to the 2026 General Election ballot for voter approval. Supporters like Earl Drake, a 78-year-old homeowner, believe the bill would make a meaningful difference for retirees and those dependent on fixed incomes. The bill has the potential to provide relief for older Kentuckians who are feeling squeezed by rising property tax costs. Senator Nemes is optimistic that the bill could reach Governor Andy Beshear’s desk by the end of the legislative session. The proposal aims to help older residents maintain their economic stature and reduce financial strain on those living on fixed incomes. The freezing of property tax assessments for homeowners aged 65 and older would only apply to their primary residence and not other properties. If the bill becomes law, older Kentuckians could see a significant reduction in their property tax burden, providing much-needed financial relief for a growing demographic facing financial challenges.

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