Variations in Receipt of Benefit
Other Variation in Receipt of Benefits
Local governments may provide a tax credit that may not exceed 20% of the county or municipal property tax and may be granted for up to 5 years.
How is Benefit Disbursed
Credit to the property tax bill
Eligible Property Type
Characteristics of Eligible Property
Eligible property includes: a house that is used as the principal residence of the homeowner and actually occupied by the homeowner for at least six months of a 12-month period; condominium units that are occupied by an individual who has a legal interest in the condominium; and apartments in a cooperative apartment corporation that are occupied by an individual who has a legal interest in the apartment.
Description of Eligibility Criteria
Individual must be at least 65 years old and either has lived in the same dwelling for at least the preceding 40 years or is a retired member of the United States Armed Forces, the reserves, or the National Guard; or a surviving spouse of a member of the Armed Forces or the National Guard who has not remarried. An individual is also eligible if they are an active duty, retired, or honorably discharged member of the United States Armed forces, the reserves, or the national guard and have a service-connected disability. The local government may also provide for additional eligibility criteria including but not limited to the maximum assessed value of a dwelling.
Local Option in Adoption of Program
Local government must take action to opt in
Local Option Regarding Program Features
Local option regarding program features