Property Tax Circuit Breakers

Property Tax Circuit Breakers are programs that limit the amount of property taxes homeowners must pay relative to their income. If property taxes become too high compared to income, these programs reduce the payable amount, providing financial relief. Think of it as a cap that prevents property taxes from taking up an excessive portion of a homeowner’s budget, helping to keep homeownership affordable and stabilize local economies. These benefits typically target low-to-moderate-income households, ensuring they are not disproportionately burdened by property taxes.