Variations in Receipt of Benefit
No Variation in Receipt of Benefits
Eligible taxpayers receive an exemption of $4,000 from all state and county property taxes.
How is Benefit Disbursed
Exemption from assessed value
Eligible Property Type
Characteristics of Eligible Property
Only residential property is eligible for this program.
Description of Eligibility Criteria
Eligible applicants must be at least 65 years old. They must also occupy their property as a primary residence and have an income of $10,000 or less, exclusive of pension income.
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
Local government covers all of its tax loss
Description of State Funding for Tax Loss
State statutes are silent in regard to reimbursement of local tax loss.