Property Tax Relief for the Elderly and Disabled with Local Option

State

Tennessee

Year

2011

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 $25,000 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

Description of Eligibility Criteria

Claimants must be 65 or older or permanently and totally disabled. For 2011, income in 2010 may not exceed $26,830.

Local Option in Adoption of Program

Local government must take action to opt in

Local Option Regarding Program Features

No 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 local jurisdiction for the state program. Local option programs are funded locally.

Record ID

TN101_RR11

Footnotes

The base amount is set by the general appropriations act.

Sources

Tenn. Code Ann. § 67-5-701 ~ 67-5-703 (in effect for 2011)
Elderly or Disabled Homeowner Property Tax Relief (2011), Tennessee Comptroller of the Treasury [http://www.comptroller1.state.tn.us/pa/pdf/ElderlyDisabledBrochure.pdf Accessed 02/16/2012] View Archived Source

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