Variations in Receipt of Benefit
No Variation in Receipt of Benefits
At local option, county may abate either the maximum low income credit for that year, which in 2019 is $1,015, or 50% of taxes due, whichever is less. Also at local option, the county may defer up to all property taxes. If taxes are deferred, they accumulate interest at a rate of the lesser of 6% or the target federal funds rate that exists on January 1 of the current year. Applications for the abatement or deferral must be filed with the county where the property is located by September 1.
How is Benefit Disbursed
Eligible Property Type
Characteristics of Eligible Property
Only owner occupied residential property is eligible for this program. A mobile homes are also eligible for this benefit.
Description of Eligibility Criteria
For the 2019 benefit, applicant's 2018 income must be less than $33,530 and be at least 66 years of age and have lived in the state the entire year. The county may also provide an abatement and deferral to those who demonstrate a disability or extreme hardship. However, a county may grant a deferral or abatement to those under 65 who would experience extreme hardship if the relief was not granted. Counties may also grant relief to an applicant who is disabled. The applicant must live in the state for at least 10 months of the year.
Local Option in Adoption of Program
Local government must take action to opt in
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 do not provide for state funding for local tax loss.