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Tax relief for more seniors and disabled citizens

 


Some seniors and disabled citizens will have an easier time qualifying for property tax relief starting with their 2016 tax bill.

Property Tax Exemption

Recently enacted legislation (Senate Bill 5186) lifts the income limit to qualify for a property tax exemption from $35,000 to $40,000 for property owners 61 years or older, or those retired due to a service or job-related disability.

The exemption applies to a person’s principal residence and depends upon the combined disposable income of the applicant, spouse, partner and/or co-tenants occupying the same home.  

Property Tax Deferral

The legislation also raised the income limit from $40,000 to $45,000 for the deferral program, whic...



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