HB212
Allow eligible homeowners to defer property tax payment
Summary
The bill allows eligible homeowners, defined as those who are permanently disabled or have a total income not exceeding 250% of the federal poverty level, to defer payment of a portion of their property taxes. Homeowners must apply to the county auditor, and the deferral is contingent on not owing delinquent taxes. The deferred taxes are payable upon certain events, such as the homeowner's death or sale of the property.
Rationale
The bill introduces a government program that provides tax deferrals based on income and disability status, which may conflict with the LP's principles of minimal government intervention and taxation. However, it does provide some relief for low-income individuals, which aligns with the LPO's focus on individual rights and support for those in need, resulting in a mixed alignment score for both parties.
Risks and Concerns
- Potential for increased government dependency on tax deferral programs.
- Administrative burden on county auditors to manage applications and deferrals.
- Risk of property tax revenue shortfalls impacting local services.