Covington County; senior property tax exemption, authorized; constitutional amendment

This bill proposes a constitutional amendment to allow Covington County residents aged 65 or older to claim a property tax exemption on their primary home. To qualify, homeowners must have owned and lived in the home as their principal residence for at least five years before applying. The exemption freezes the property's assessed value at the 2026 level (for claims starting October 2027), preventing tax increases due to rising home values, though local tax rate changes still apply. Homeowners must submit a written application to the county revenue commissioner between October 1 and December 31, 2027, to activate the exemption.