Residential Property Tax Relief Programs

[X] This deduction cannot be in addition to any other exemption from taxes to which the individual may be entitled, except a veteran’s deduction. Recipients of this benefit are eligible to receive any homestead rebate or credit.

[X] Effective 1 January 2017 No one is entitled to the deduction if the assessed value of the individual's tangible property, as shown by the tax duplicate, exceeds $175,000 in accordance with 2016 In. Laws Ch. 100. Previously, the limit was $143,160.

[X] Municipalities may provide a tax freeze for elderly homeowners. This is a local option to replace the previous Tax Freeze for Disabled and Elderly which has not allowed new participants since 1979. At time of sale or transfer of property, taxes are reset to level payable without the benefit.

[X] Although the state calls this program a circuit breaker, the benefit does not vary by income, therefore, it is not a true circuit breaker.

[X] Towns in this program include Hopkinton, West Warwick, Exeter, Coventry, Bristol, Tiverton, North Smithfield, and Providence.

[X] Income is defined as federal adjusted gross income, less deductions for certain medical and funeral expenses, business losses, early withdrawal penalties, and alimony. Income also includes social security and similar benefits, as well as most non-taxable income. The state tax commission shall file with the county recorder of the county in which the property is located a notice of lien for deferred property taxes. The lien for deferred taxes and interest shall not be a first and prior lien, but shall take its priority from the date and time of filing of the notice of lien. A deferral of property tax payments shall terminate on the earlier of: (a) voluntary payment of the full amount of deferred tax and interest to the state tax commission; (b) the death of the qualified claimant. In the case of more than one qualified claimant, the death of the last surviving qualified claimant; (c) a sale or other transfer of title to the property or any part of the property except a transfer of title to a surviving spouse of a deceased qualified claimant; (d) the property no longer qualifies for the exemption due to residential improvements; (e) a determination by the state tax commission that the deferral of property tax payments was erroneously granted to a person who is not a qualified claimant or in regard to property that is not qualified property.

[X] Homeowners may qualify for the exemption on a replacement homestead if they met the 10 year residency requirement on the previous homestead which was destroyed by natural disaster or was claimed by the government via eminent domain. No more than one exemption can be allowed per single dwelling unit of residential property. Eligible residence includes property has been purchased by or transferred to a trust, a corporate partnership, or any other legal entity solely for estate planning purposes and is the maker of the trust or a principal of the corporate partnership or other legal entity; Applications must be filed before July 15th. Forms are available beginning in January but not after August 15.

[X] Effective 29 February 2016, income amounts for refunds adjusted. Enacted by 2016 S.D. Sess. Laws ch. 60 § 4, 5

[X] The property may not be sold or transferred unless the taxes have been paid with interest. Upon the demise of the property owner, legal heirs have first priority to said property provided that they pay in full all back taxes and interest. If the heir is a surviving spouse, the spouse may enter into a tax deferral and recovery agreement with the board of assessors.

[X] The deferral must be paid back in the following situations: 1) if the claimant dies, unless the continuing spouse elects to continue the deferral; 2) if the property is sold or the title is transferred; 3) if the taxpayer moves for reasons other than ill health; 4) if the taxpayer begins to rent the property or otherwise receives income from it; 5) if the location of the tax-deferred mobile home has moved either within the county or to another county; or 6) if the mortgage, deferred taxes, and accrued interest exceed the market value of the real property. The actual value of the property is the most recent appraisal by the county assessor as of the time the claim for deferral is submitted to the county treasurer.

[X] Effective 9 October 2015, the combined disposable income for claimants in 2016 and subsequent collection years is increased to $45,000. This was enacted in 2015 Wash. 3rd Sp. Sess. Laws ch. 30 § 3 (SSB 5186). The claimant must have fire and casualty insurance. The deferral becomes a lien on the house and is due when the property is sold, the owner passes away, or they are no longer eligible. The interest rate on the deferral is 5%.

[X] Persons who are also eligible for the Local Option Disabled Exemption may choose the greater of the two, but may not take both exemptions. Income is calculated as the all receipts less life insurance paid for the death of an insured, business costs, and proceeds from the sale of assets.

[X] Gross household income is total household income plus all non-cash business expenses such as depreciation, amortization, depletion, and net operating losses. Total household income includes social security; interest/dividends; pensions/annuities; Supplemental Security Income (SSI); State Supplemental Program (SSP); Aid to the Totally Disabled (ATD); rental income/loss; gain/loss from sale of assets; wages, alimony, life insurance, unemployment insurance, worker's compensation for temporary disability, and public assistance and relief. In addition, participants may deduct the following amounts from their total household income: IRA contributions deduction, student loan interest deduction, medical Savings Account (MSA) deduction, moving expenses, and alimony paid from the total household income.

[X] The state tax levy is being phased out through 2016, at which point there will no longer be a state property tax levy.

[X] This deduction cannot be in addition to any other exemption from taxes to which the individual may be entitled, except a veteran’s deduction. An individual receiving this deduction is also eligible to receive any homestead rebate or credit.

[X] Local governments have a broad range of options available in designing a relief program. As a result, no two programs are identical.

[X] In order to apply for the Property Tax Refund Credit, a claimant shall fill out the forms required by the Department. No claim with respect to property taxes or with respect to rent shall be allowed or paid unless the claim is actually filed on or before 15 April for the next preceding calendar year. The department may, upon request, grant for a period of not to exceed six months an extension of time for filing the claim.

[X] Effective 1 July 2016 eligibility criteria and characteristics of eligible property were changed. Enacted by L. 2015, c. 309 Taxes become payable upon: (a) the death of a claimant; (b) when the property is sold or no longer inhabited as a homestead (unless reasons of health prevent the owner from occupying the property as a homestead); or (c) when the qualifying disability ends. If income rises above the eligibility threshold, the amount of taxes for which the deferral is allowed shall decline by $0.50 for every $1.00 of income above the threshold. The deferral may be continued after the property is condemned by the Department of Transportation.

[X] Effective 19 June 2015, the exemption is extended to cover members of the military on active duty orders within the United States. This was enacted in 2015 Tex. Gen. Laws ch. 1169 § 1 (SB 833). An applicant can receive either an elderly or disabled exemption but cannot receive both.

[X] Qualifying individuals are eligible for relief so long as they have not claimed any other property tax exemption other than the Exemption for Mortgages and Contact Deductions, the Homestead Standard Deduction, the Supplemental Homestead Tax Credit, or the Deduction to Comply with Fertilizer Storage Rules. If the resident shares ownership with other individuals as joint tenants or tenants in common and all the tenants are not at least 65 years old, the deduction shall be reduced by an amount equal to the deduction multiplied by a fraction. The numerator of the fraction is the number of tenants who are not at least 65 years of age, and the denominator is the total number of tenants.

[X] Effective October 9, 2015, the combined disposable incomes for claimants in 2016 and subsequent collection years are increased by $5,000. This was enacted in 2015 Wash. 3rd Sp. Sess. Laws ch. 30 § 2 (SSB 5186). Regular property tax is the property tax levied by or for a taxing district which is subject to the aggregate tax limitations.

[X] This exemption applies to two contiguous units that have been combined into one.

[X] The income limit changes every year based on cost of living.

[X] Income includes, but is not limited to, alimony, support money, cash public assistance and relief, pension or annuity benefits, federal social security benefits, veterans' benefits, nontaxable interest, workers' compensation, and unemployment compensation benefits, with some exceptions identified in statute. Some municipalities refund a portion of the municipal property tax levy to the senior citizen or disabled citizens. The property tax assistance grant shall in no case exceed the amount of the general property taxes paid.

[X] Recipients of this benefit are not eligible for any other benefits except Tax Deferral and Recovery for Members of the Armed Forces. In calculating gross receipts, business expenses and losses may be deducted. There is also a deduction for income received from federal, state, and local government annuities, pensions, and retirement plans. In calculating the value of a whole estate, an applicant may elect to include the value of property occupied as a domicile in which case the maximum eligibility threshold is $40,000 for an individual or $45,000 for a married couple.

[X] Under the volunteer program, any monies received are not considered income.

[X] If the applicant has already paid their taxes upon establishing eligibility, overpaid taxes shall be refunded. If the applicant has already paid their taxes upon establishing eligibility, overpaid taxes shall be refunded.

[X] Effective 1 July 2016 the state statutes related to real property tax (§§246-1 to 246-63) were repealed. County ordinances remain in effect.

[X] Effective 2021 the taxable value cap will be adjusted by the percentage increase in the U.S. CPI for the immediately preceding calendar year and rounded to the next $100.00 increment. Effective 2018 for those who rent or lease can claim a credit based on 20% of gross rent paid for tax years before the 2018 tax year or 23% of the gross rent paid for tax years after the 2017 tax year. Effective 2018 the credit shall be reduced by 10% for each claimant whose total household resources exceed $51,000 and by an additional 10% for each increment of $1,000.00 of total household resources in excess of $51,000. Effective 2018 the maximum benefit is $1,500.00 Effective 2018 the credit is equal to 60% of the amount by which the property taxes exceeds 3.2% of the claimant’s household resources. Changes in accordance with 2015 Mi. Laws Ch. 179 § 522

[X] Effective 1 July 2016 the state statutes were repealed. County ordinances remain in effect. In both Honolulu and Kauai Counties, low income is defined as 80% of the county's median household income and the exemption is in addition to the Basic and Multiple Home Exemptions. In Honolulu County those 75 years of age and older with an income that does not exceed 80 percent of the area median income for the county qualify for the program. The exemption varies from $140,000 to $200,000 based on age. This exemption is in lieu of the Multiple Home Exemption. No new claims can be filed and the exemption is available for only 5 years at which time the exemption reverts to $120,000, except those over 90 years old. In Kauai County, the exemption is $120,000.

[X] If the market value on the property increases as a result of improvements, the tax level to be paid will increase proportionally. As of July 14, 2015, This program has been adopted by 23 counties and 29 cities.

[X] For the purposes of this benefit income is defined as Missouri adjusted income and increased to reflect the following: social security and railroad retirement; veteran payments and benefits unless the claimant or spouse is a 100% disabled as a result of military service; all other public and private pensions and annuities; public relief, public assistance, and unemployment benefits received; SSI, TANF and/or child support payments received; non-business losses; wages, dividends, and interest; and rental income. “Disabled” is defined as the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than twelve months. A claimant shall not be required to be gainfully employed prior to such disability to qualify for a property tax credit. A claimant shall not be allowed a property tax credit if the claimant filed a valid claim for a credit Homestead Preservation tax credit in the year following the year for which the property tax credit is claimed.

[X] To receive this tax credit, taxpayers must have paid in full their property tax bill at the end of the tax year for which the credit was reported.

[X] The property shall be immediately revalued at fair market value by the assessor and placed on the assessment rolls in the year it was sold. Any owner entitled to the special assessment who is unable to occupy the homestead due to damage or destruction caused by a disaster or emergency declared by the governor shall be entitled to keep the special assessment level prior to its damage or destruction on the repaired or rebuilt homestead provided the repaired or rebuilt homestead is reoccupied by the owner within 5 years following the disaster. If the property owner receives a homestead exemption on another homestead during the same 5 year period, the damaged or destroyed property shall not be entitled to keep the special assessment level, and the land and buildings shall be assessed in that year at the percentage of fair market value. In addition, the owner must also maintain the homestead exemption to qualify for the special assessment level. Effective 1 January 2011, under certain conditions extensions of up to2 additional years to the "return and reoccupy" provision may be granted and up to 3 one-year extension, after that. Those who qualify due to age criteria are not required to reapply annually. All others must have income verified annually.

[X] To remain eligible, the qualifying resident must reapply for the program every 3 years. The assessor shall review the owner's income qualifications using the owner's average total income during the previous 3 years. To be eligible for the property valuation protection, the resident shall make application and furnish documentation required by the assessor on or before 1 September. If the resident fails to file the application on or before 1 September, the assessor shall process the application for the subsequent year. When the owner sells the home or otherwise becomes ineligible for the program, the property's valuation will revert to its current full cash value.

[X] Property held in trust, other than an Illinois land trust with the taxpayer identified as the sole beneficiary, is ineligible for this program when filing for the first time. Deferral amount is capped at $5,000 per taxpayer per year.

[X] For those over 75 years old who also qualify for the senior deferral and have owned a home and lived in D.C. for the last 25 years and have less than $12,500 in household interest and dividend income, the deferral is subject to 0% interest rate. 2014 income is used for applications made during fiscal year 2015-16.

[X] The statute was amended in 2009 to assure that the assessment freeze set out in Amendment 79 is applied to the lower assessed value.

[X] Taxpayers must calculate the credit authorized in this section prior to calculating the refundable credit for taxes in excess of 4% of household income. Applicants must choose between three programs for a given tax year: the Senior Citizens' Tax Credit, the Refundable Property Tax Credit for Property Taxes Exceeding 4% of Income, or the Senior Citizen Property Tax Relief Credit.

[X] The property may not be sold or transferred unless the taxes have been paid with interest. Upon the demise of the property owner, legal heirs have first priority to said property provided that they pay in full all back taxes and interest. If the heir is a surviving spouse, the spouse may enter into a tax deferral and recovery agreement with the board of assessors.

[X] The homeowner must have legal title or beneficial title in equity of the property, and they also must make a good faith effort to make the property their permanent residence. The homestead exemption does not extend to residents claiming permanent residence in other states. A homestead damaged by misfortune or calamity that is uninhabitable on 1 January may qualify for the exemption if (a) the homeowner is otherwise qualified for a homestead exemption and (b) the homeowner intends to rebuild or repair the property within 3 years. Failure to rebuild or repair within 3 years constitute an abandonment of the property as a homestead. Exemptions shall be applied as follows: $25,000 homestead exemption; $50,000 homestead exemption (if applicable); exemptions for widows/widowers, blind, and disabled persons; disabled ex-servicemembers and surviving spouses; local-option low-income senior exemption up to $50,000; and the veterans percentage discount.