Increasing the maximum income level qualifying for the senior citizen homeowner’s exemption and the disabled homeowner’s exemption.

The bill would increase the base income threshold for SCHE and DHE from $50,000 to $75,000, beginning July 1, 2027, and update the existing sliding-scale exemption schedules to reflect the increased threshold. The bill would also incorporate an increase in the maximum SCHE exemption from 50 percent to 65 percent, as proposed in Int. 934. Under the new schedules, eligible homeowners with annual incomes below $72,000 would receive a 65 percent exemption under SCHE, while eligible homeowners with incomes of $75,000 or less would receive a 50 percent exemption under DHE. Both programs would provide progressively smaller exemptions at higher income levels, with a five percent exemption available to homeowners with incomes of $82,500 or more but less than $83,400.