PROP TAX-UNIFORM EXEMPTIONS

Amends the Property Tax Code. Provides that for all counties, except counties with 3,000,000 or more inhabitants, the maximum reduction from assessed value for the senior citizens homestead exemption shall be $2,500 for taxable years 2003 and thereafter (now, $2,000). Provides that for all counties, except counties with 3,000,000 or more inhabitants, the maximum reduction from assessed value for the general homestead exemption shall be $4,500 for taxable years 2003 and thereafter (now, $3,500). Effective immediately.