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Is there any tax relief available for elderly or disabled property owners?

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Is there any tax relief available for elderly or disabled property owners?

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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.

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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.

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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.

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