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Most senior homeowners are eligible for this exemption if they are 65 years of age or older (born in 1958 or prior) and own and occupy their property as their principal place of residence. Once this exemption is applied, the Assessor’s Office automatically renews it for you each year.
A Senior Exemption provides property tax savings by reducing the equalized assessed value of an eligible property. Most homeowners are eligible for this exemption if they meet the requirements for the Homeowner Exemption and were 65 years of age or older during calendar year 2020.
Learn More. Senior Exemption. Most senior homeowners are eligible for this exemption if they are 65 years of age or older and own and occupy their property as their principal place of residence. Once this exemption is applied, the Assessor’s Office automatically renews it for you each year.
Property tax savings for a Homeowner Exemption are calculated by multiplying the Homeowner Exemption amount of $10,000 by your local tax rate. Property tax savings for a Senior Exemption are calculated by multiplying the Senior Exemption amount of $8,000 by your local tax rate.
A Homeowner Exemption provides property tax savings by reducing the equalized assessed value. Automatic Renewal: Yes, this exemption automatically renews each year. Due Date: The regular deadline to file is closed, however homeowners can file for a Certificate of Error to correct past tax bills.
29 sty 2024 · A senior property tax exemption is a program that provides eligible senior citizens with a reduction in their property taxes to help alleviate the financial burden of homeownership in...
Seniors can save, on average, up to $300 a year in property taxes, and up to $750 when combined with the Homeowner Exemption. The applicant must have owned and occupied the property as of January 1 and must have been 65 years of age or older during the tax year in question.
