Or pay part of the amount. Almost all states have some type of property or homestead tax exemption for the elderly and disabled, and often those with low incomes or veterans. How the program operates varies from state to state, with some states offering a reduced tax rate off of a percentage of the home’s value. Other states offer a property tax deferral program for the elderly, where the state would pay the homeowner’s property taxes. This would be considered a loan, and the equity would be the value of the home. The loan would be repaid when the home was sold or the homeowner dies. Contact your state or county tax office to see what your area offers. For further help, check online at www.taxsites.com/agencies.html
Income Eligibility: Family of 2 – $46,536. These income requirements are estimates and you should check with your local office to verify eligibility as many programs have exceptions and the income amounts change often and vary from location to location.
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