What Are The Qualifications To Apply For The Special Assessment Level Freezes?
A Special Assessment level applies to the homestead of persons meeting the following criteria and your adjusred gross household income is $60,498.00or less (for 2007). This special assessment level freezes the assessed value for each year the owner applies and receives this Special Assessment. To qualify you must bring proof of income for the previous year such as a Tax Return of 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, if the owner’s adjusted gross income exceeds the set level. The surviving spouse can qualify if they are over 55 and meet the other qualifications of the exemption. Special Qualifications for 65 and older Freeze: You must be 65 years of age or older to apply for this freeze. This freeze is a permanent freeze. You do not have to sign up each year. After meeting the above listed requirements, you do not have to come in each year to reappl
