State
Tennessee
Year
2017
Variations in Receipt of Benefit
No Variation in Receipt of Benefits
Benefit Type
Credit
Benefit
The state program provides a credit for taxes on the first $27,000 of market value. Local option may provide for an additional credit, not to exceed total taxes.
How is Benefit Disbursed
Direct payment to taxpayer
Eligible Property Type
Residential
Characteristics of Eligible Property
Eligibility is limited to the applicant's place of residence.
Eligibility Criteria
Age
Disability
Homeowner
Income Ceiling
Principal Residence
Description of Eligibility Criteria
Claimants must be 65 or older or permanently and totally disabled. For 2017, income in 2016 may not exceed $29,180.
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
State and local government share the local tax loss
Description of State Funding for Tax Loss
The state reimburses taxpayers for their local taxes paid. Local option programs are funded locally.
Record ID
TN101_RR17
Footnotes
Effective 1 July 2017, the benefit increased to the first $27,000 of a property's market value. Also established the annual increases by inflation. Enacted by 2017 Tenn. Pub Act ch 181 § 31, 32.
Apply for the benefit when you receive the 2017 tax bill. There is some variation among counties and cities with application, but it is generally between October and April.
Sources
Tenn. Code Ann. § 67-5-701 ~ 67-5-703 (in effect for 2017)
Elderly or Disabled Homeowner Property Tax Relief Program (2017), Tennessee Comptroller of the Treasury [https://www.comptroller.tn.gov/pa/pdf/TaxReliefBrochure2017.pdf Accessed on 10/23/2017]
View Archived Source
View Archived Source
2017 Tenn. Pub Act ch 181 § 31, 32