Senior Property Tax Exemption

Senior Property Tax Exemption is a benefit that reduces or eliminates the amount of property taxes owed by qualifying seniors, typically those aged 62 or older. Eligibility often depends on income limits and the property’s primary use as the homeowner’s main residence. This exemption helps seniors stay in their homes by lessening their financial burden. Requirements and benefits vary by state and locality, but generally, the process involves applying through local tax authorities and providing proof of age and income. The goal is to support seniors in maintaining economic stability and residential independence.