Property Tax Relief for the Elderly and Disabled with Local Option

State

Tennessee

Year

2017

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Credit

Benefit

The state program provides a credit for taxes on the first $27,000 of market value. Local option may provide for an additional credit, not to exceed total taxes.

How is Benefit Disbursed

Direct payment to taxpayer

Eligible Property Type

Residential

Characteristics of Eligible Property

Eligibility is limited to the applicant's place of residence.

Eligibility Criteria

Age

Disability

Homeowner

Income Ceiling

Principal Residence

Description of Eligibility Criteria

Claimants must be 65 or older or permanently and totally disabled. For 2017, income in 2016 may not exceed $29,180.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

Local option regarding program features

State Funding for Local Tax Loss

State and local government share the local tax loss

Description of State Funding for Tax Loss

The state reimburses taxpayers for their local taxes paid. Local option programs are funded locally.

Record ID

TN101_RR17

Footnotes

Effective 1 July 2017, the benefit increased to the first $27,000 of a property's market value. Also established the annual increases by inflation. Enacted by 2017 Tenn. Pub Act ch 181 § 31, 32. Apply for the benefit when you receive the 2017 tax bill. There is some variation among counties and cities with application, but it is generally between October and April.

Sources

Tenn. Code Ann. § 67-5-701 ~ 67-5-703 (in effect for 2017)
Elderly or Disabled Homeowner Property Tax Relief Program (2017), Tennessee Comptroller of the Treasury [https://www.comptroller.tn.gov/pa/pdf/TaxReliefBrochure2017.pdf Accessed on 10/23/2017]

View Archived Source
2017 Tenn. Pub Act ch 181 § 31, 32

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