A Guide to the Property Tax Freeze for Seniors
Almost every state offers a homestead exemption and credit programs for seniors and other eligible individuals. They can use these programs to exempt a certain amount of a home's value from their property taxes. If you are curious whether you are eligible for a property tax freeze for seniors, we’ll provide you with all the necessary info and requirements you should meet.
Understanding the Senior Property Tax Freeze
A senior property tax freeze is a property tax exemption that freezes the assessed value of a home or property that’s eligible. Homeowners eligible for this exemption have to be:
- 65 years of age or older
- Owners of a household with a total annual income of $65,000 or less
Fifteen states in total have property tax freeze programs that bar property tax increases for eligible individuals. Check out the age requirements for each state below:
Ways To Lower Your Property Taxes
You can reduce your property taxes using several different methods. If you are looking for additional ways you can lower your taxes on your own, here are some of the most common ones you can try:
- Making sure your tax bill has no mistakes
- Avoiding home renovation and improvement projects
- Finding and applying for property tax exemptions and relief
- Being present during the assessment of your property
- Appealing your property tax bill
Tax Bill Mistakes
Property tax bills often have errors that lead to an increased value of your property. Make certain your bill is error-free to avoid paying more for your property tax than you should.
Home Renovation and Improvement Projects
If you avoid doing home improvement and renovation projects before the assessment, you will get a better chance of your property tax bill being lower.
Property Tax Exemptions and Relief
You should check what exemptions and relief you are qualified for and apply for each. DoNotPay can help you both check and apply in a matter of minutes.
The Assessment of Your Property
You have to make sure to be around when the assessor comes to evaluate your property to answer any questions.
Property Tax Bill Appeal
If you find any tax bill mistakes or that the assessment of your property was inaccurate, you can file a property tax appeal easily with DoNotPay.
The Common Property Tax Exemptions
You may be eligible for more than the property tax freeze for seniors! Check out some of the most common exemption types:
This can vary depending on the state, considering that each state has its own set of laws and regulations.
Homestead exemptions serve as a way to remove part of your home's value from your property tax bill and lower your taxes. This exemption applies to all homeowners who occupy their property as their primary residence.
Relief for Disabled Veterans
A veteran who has gained a permanent disability as a result of their service in the military is qualified for the disabled veteran exemption on their primary residence.
Senior Citizen Exemption
Homeowners over the age of 65 are usually eligible for the senior citizen exemption if they meet the income limitations requirement set by their state.
If you are a person with a disability, you may be eligible for a disability exemption provided that you offer proof of your disability. You will also need to meet certain income limitations and other requirements.
Find Out How To Lower Your Property Taxes With DoNotPay
DoNotPay’s Property Tax feature can help you with paying property taxes by finding all the exemptions you are eligible for. We can also provide you with the instructions on how to apply for each!
By opening DoNotPay in your web browser and following the next instructions, you will be getting your personalized guide to applying for exemptions:
- Find and select the Property Tax feature
- Answer a few questions regarding your property
DoNotPay will create your personalized guide for completing the application process, provide instructions on how to get the right forms and how to submit the applications.
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