PROP TX-SENIOR FREEZE EXEMPT

Amends the Property Tax Code. In a Section concerning the Senior Citizens Assessment Freeze Homestead Exemption, provides that, for taxable year 2007 and thereafter, the amount of the exemption is the equalized assessed value of the residence in the taxable year for which application is made minus the base amount (now, the amount of the exemption is based upon the applicant's household income). Authorizes counties to provide that if a person has been granted a Senior Citizens Assessment Freeze Homestead Exemption, then the person qualifying need not reapply for the exemption and authorizes the Chief County Assessment Officer may conduct audits of any taxpayer claiming an exemption under this Section to verify that the taxpayer is eligible to receive the exemption. Makes technical changes. Effective immediately.