The Senior Citizen Property Tax Exemption Explained

Reducing Property Taxes The Senior Citizen Property Tax Exemption Explained

A Breakdown of the Senior Citizen Property Tax Exemption

As a senior, you may live on a low or fixed income, which is why you might require help paying property taxes. Even if you live in one of the states with low property taxes, your tax bill could be too steep for you. There is something you can do before the bill arrives—apply for a senior citizen property tax exemption.

This article will help you understand what this exemption is and give you tips on other methods of lowering your property taxes.

What Is a Senior Exemption for Property Taxes?

A property tax exemption excludes a part of your property’s value from being taxed. While the exemption doesn’t affect the tax rate, it will reduce your tax bill.


In certain states, you need to be 65 years of age or older, whereas in others, 62 is the minimum to qualify. If you and your spouse own your home together, only one of you needs to meet the age requirement. Being a senior won’t automatically qualify you for a senior property tax exemption. You have to apply for it, and what’s more important, you usually need to meet one or more requirements to qualify.

Here are factors that may influence your eligibility for a senior exemption:

Eligibility Factors Brief Explanation

Residence

  • You have to legally own your home
  • Your home needs to be your primary residence

Income

  • Low-income homeowners have higher chances of qualifying for the exemption
  • In some locations, your income cannot exceed a set income limit the local government imposes

Ownership

  • You need to own and live in your home
  • Some states require seniors to own their homes for at least one up to ten years

Disability

  • Seniors who are also people with disabilities can qualify (e.g., in New Jersey)
  • Some local governments don’t allow homeowners to qualify for two exemptions—senior and disability. You need to decide on one

What Kind of Property Tax Help for Seniors Is There?

Senior property tax exemptions are not the only types of tax relief you may qualify for. Other tax help available for seniors may come in the shape of senior property tax:

Property Tax Freeze for Seniors

A property tax freeze can mean that the authorities will freeze your home’s value so that the value over the set amount cannot be taxable. In some states, the authorities reimburse you for the property tax increase on your residence.

Property Tax Rebate for Seniors

A rebate is essentially a reimbursement. Some states impose a maximum rebate amount based on homeowners’ income rates.

Property Tax Deferral for Seniors

A property tax deferral program allows you to delay your property tax payments. Typically, the program operates as a loan with interest. Your state pays your taxes and charges you interest.

Property Tax Exemptions for Senior Citizens in Different States

All 50 states provide some kind of tax relief for senior citizens. Check out our articles on various states to learn how your state helps seniors manage their property taxes:

Property Tax Reduction Tips for Seniors

Reducing your property taxes starts long before your tax bill arrives. Here are some tips that can help you pay less:

  • Be home for your property tax assessment and make sure the assessor is doing a fair calculation
  • Don’t make any home improvements that may increase your property’s value
  • Check your tax bill for errors
  • Negotiate with your local tax assessor if you don’t agree with the assessment of your home
  • File an appeal

Other Property Tax Exemptions for Seniors

If you don’t qualify for the senior citizen property tax exemption, you may be eligible for one of the following:

  1. Homestead exemption
  2. Veterans’ exemption
  3. Exemption for agricultural properties
  4. Exemption for persons with disabilities
  5. 100% disabled veteran property tax exemption

Snatch DoNotPay’s Guide on Senior Citizen Property Tax Exemptions

Since there are significant differences in state and even local policies in terms of senior property tax exemptions, it’s difficult to handle everything on your own. You need to find out what the exemptions entail in your location, check whether you’re eligible, collect the necessary documentation, and submit an application.

DoNotPay will show you the ropes! You can rely on our Property Tax guide to provide all the info you need. Our guide will help you:

  1. Find out what property tax exemptions you’re eligible for
  2. Understand how to apply (compile evidence, fill in forms, learn the deadlines, etc.)
  3. Instruct you on the appeal process if you believe your assessment was wrong

All you have to do is answer several questions, and our AI-powered app will compose a comprehensive guide on dealing with property taxes for your specific situation.

Once you open DoNotPay in a web browser, follow these steps and get your guide:

  1. Access the Property Tax feature
  2. Provide info regarding your age, location, and income
  3. Answer questions about your property

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