HB 655 Summary

• Establishes a new property tax freeze provision (Division C of Section 323.152) for owner-occupied homesteads where the owner's total income does not exceed $75,000 and the owner is enrolled in Medicaid or Medicare on the first day of the tax year.

• Freeze reduces real property taxes to the amount charged in the preceding year, preventing tax increases year-over-year for qualifying homeowners, with the reduction not applying in the year title transfers to another person.

• Creates new Section 4503.0612 to extend the same tax freeze to manufactured and mobile homes meeting identical income and Medicaid/Medicare enrollment requirements.

• Applies to real property tax years beginning 2024 and manufactured home tax years beginning 2025, with applications filed through county auditors using continuing application procedures.

• Modifies existing tax reduction sections and procedures for homesteads, disabled veterans, public service officers' families, and related applicant documentation and notification requirements.