KY HB100

Proposes a constitutional amendment to increase the property tax homestead exemption from $6,500 to $100,000 in assessed value for permanent residences of owners age 65 or older or classified as totally disabled

Adds annual indexing of the exemption amount, allowing it to adjust automatically each year

Requires voter ratification at the next regular election when General Assembly members are chosen, with the Secretary of State publishing the amendment in a statewide newspaper by the first Tuesday in August preceding the election

If ratified by voters, the increased exemption applies to real property assessments beginning on or after January 1, 2027