Variations in Receipt of Benefit
No Variation in Receipt of Benefits
The state program provides a credit for taxes on the first $27,600 of market value for tax year 2018. The state program provides a credit for taxes on the first $27,000 of market value for tax year 2017. Local option may provide for an additional credit, not to exceed total taxes.
How is Benefit Disbursed
Direct payment to taxpayer
Eligible Property Type
Characteristics of Eligible Property
Eligibility is limited to the applicant's place of residence.
Description of Eligibility Criteria
Claimants must be 65 or older or permanently and totally disabled by 31 December 2018 for 2018 tax year benefits. Maximum income is $29,270. Claimants must be 65 or older or permanently and totally disabled by 31 December 2017 for 2017 tax year benefits. Maximum income is $28,180. Claimant must own and use property on which they apply as their primary residence. Annual income is adjusted annually to reflect the cost of living adjustment for social security recipients. Income limit is a broad and inclusive definition to include Social Security and SSI income, retirement and pension benefits, VA benefits, etc.
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.
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]
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