Local Option for Property Tax Deferral for Seniors or Disabled

State

Tennessee

Year

2006

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Deferral

Benefit

Those eligible in a jurisdiction that has adopted such a program may apply for a deferral of property tax above the level imposed when the homeowner became eligible. Deferred taxes are not due or payable until the deferral is terminated. The deferred amount becomes a lien on the property, and 6% interest is charged annually.

How is Benefit Disbursed

Other

Eligible Property Type

Residential

Characteristics of Eligible Property

Eligibility is limited to the applicant's place of residence and up to 1 acre of land.

Eligibility Criteria

Age

Disability

Homeowner

Income Ceiling

Principal Residence

Description of Eligibility Criteria

Those applying must be 65 years older or totally and permanently disabled and the household income may not exceed $25,000.

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

Record ID

TN103_RR06

Footnotes

The deferral becomes payable when the resident passes or the residence is sold.

Sources

Tenn. Code Ann. § 7-64-101 ~ 7-64-212 (in effect for 2006)

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