Will this bond election impact taxpayers 65 years old and older?

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According to state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years old or older cannot be increased above the amount paid in the first year after the person turned 65. This amount remains the same regardless of changes in tax rate or property value unless significant improvements are made to the home. Individuals 65 and over must apply for this exemption.

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