Is there any tax relief available for elderly or disabled property owners?
Yes, if the resident owner is 65 years of age or older or totally and permanently disabled and the owner’s income did not exceed $20, 500, then 50% of the assessed value or $20,000 of assessed value, which ever is greater will be excluded from Taxation. Applications must be filed by June 1 of each year.
Tax relief is available on the permanent residence of a homeowner who is either 65 years of age or older OR totally and permanently disabled and the owner’s disposable income (including spouse) does not exceed $18,800. The qualifying owner(s) can receive $20,000 or 50 percent (whichever is greater) of the assessed value of the permanent residence excluded from taxation. The deadline to apply for this exemption is June 1st each year.
Yes, if the resident owner is 65 years of age or older or totally and permanently disabled and the owner’s income did not exceed $25,000, then 50% of the assessed value or $20,000 of assessed value, which ever is greater will be excluded from Taxation. Applications must be filed by June 1 of each year.
