1. The following exemptions from taxation shall be allowed in addition to the homestead credit for an owner that has attained the age of sixty-five years by January 1 of the assessment year:
- a. For the assessment year beginning January 1, 2023, the eligible homestead, not to exceed three thousand two hundred fifty dollars in taxable value.
- b. For the assessment year beginning January 1, 2024, and each succeeding assessment year, the eligible homestead, not to exceed six thousand five hundred dollars in taxable value.
- 2. Section 25B.7, subsection 1, shall not apply to the property tax exemption provided in this section.
Section applies retroactively to assessment years beginning on or after January 1, 2023; 2023 Acts, ch 71, §49 NEW section
2023 Acts, ch 71, §30, 48, 49
Referred to in §425.2, 425.16, 425.17