PROP TAX-SR CITZN ASSESS FREEZ

Amends the Senior Citizens Assessment Freeze Homestead Exemption provisions in the Property Tax Code. Provides that if an applicant for an exemption who moves to a new residence during the taxable year was granted an exemption for his or her previous residence in the immediately prior taxable year, then, for purposes of these provisions, that applicant's "residence" shall be deemed to be the new residence to which he or she moves. Provides that the "base amount" for the new residence shall be established by the chief county assessment officer at the same percentage of equalized assessed value of the new residence as the base amount for the previous residence was to the equalized assessed value of the previous residence in the most recent year for which an exemption was granted. Amends the Senior Citizens Assessment Freeze Homestead Exemption provisions and the State Mandates Act to require implementation without reimbursement from the State. Effective immediately.