Property Tax Relief for the Elderly and Disabled with Local Option

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State

Tennessee

Year

2018

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 $27,600 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

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 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.

Record ID

TN101_RR18

Footnotes

Effective 1 July 2017, beginning with tax year 2018, the benefit is annually increased to reflect inflation as measured by the consumer price index for all urban consumers. Percentage change must be between 0%-3%. This change was enacted by 2017 Tenn. Pub Act ch 181 § 31, 32. Homeowners must apply for the benefit when they receive the 2018 tax bill. There is some variation among counties and cities with application, but it is generally between October and April. The deadline to apply is 35 days after the city's or county's delinquency date.

Sources

Tenn. Code Ann. § 67-5-701 ~ 67-5-703 (in effect for 2018)

Elderly or Disabled Homeowner Property Tax Relief Program (2018), Tennessee Comptroller of the Treasury [https://comptroller.tn.gov/content/dam/cot/pa/documents/tax-relief/TaxReliefBrochure2018.pdf Accessed 02/08/2019] View Archived Source

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

2017 Tenn. Pub Act ch 181 § 31, 32

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