What are the qualifications to apply for the Special Assessment Level for 65 and older?
A Special Assessment level applies to the homestead of persons 65 and older if they have made less than $54,144 in adjusted gross income adjusted for inflation after the year 2000. This special assessment level freezes the assessed value for each year the owner applies and receives this Special Assessment. To qualify each year between Jan 1 and June 30 you must come into our office and file a special form. You also must bring in proof of income for the previous year such as a Tax Return or the Social Security Benefits Earnings Statement. This Special Assessment Level is lost if the property is transferred, improvements are made in excess of 25% of property value, or if the owner fails to file the form. The surviving spouse can qualify if they are over 55 and meet the other qualifications of the exemption.
