Increases amounts of property tax deductions for senior citizens and persons with disabilities, and veterans, from $250 to $500.

This bill increases annual property tax deductions for three groups: senior citizens (65+ or permanently disabled), persons with disabilities, and veterans (and surviving spouses), raising the amount from $250 to $500 per year. It applies to property taxes paid on real property owned or occupied by eligible residents. The change would take effect in 2024 but requires prior voter approval of a constitutional amendment to become active. The bill does not alter existing income eligibility rules or other tax benefits.