Understanding your Property Tax Options
Many homeowners may qualify for property tax exemptions and relief programs that can lower their property taxes and make homeownership more affordable. However, many families are unaware of the benefits available to them or are unsure how to apply.
Property Taxes and Heirs' Property: What You Need to Know
Families with heirs' property may face challenges accessing important tax benefits and protections. If ownership records are unclear or tax notices are being sent to the wrong address, homeowners may miss opportunities for exemptions, fall behind on payments, or even risk foreclosure.
Keeping ownership information up to date and applying for all available tax exemptions can help reduce property taxes, protect your home, and preserve your family's legacy for future generations.
Connecting you to Vital Property Tax Resources
The Land & Legacy Project connects residents with trusted organizations that can help address property tax concerns. Whether you need assistance with tax exemptions, heirs' property issues, payment options, or homeowner resources, we can help connect you to the right support.
Our goal is to help families reduce their tax burden, protect their homes, and maintain long-term homeownership.
Over 65 Exemption
Disability Exemption
Disability Exemption
Homeowners who are 65 or older may qualify for an additional property tax exemption that can help reduce their tax burden. Once approved, many school district taxes are capped, helping protect homeowners from future increases caused by rising property values.
This exemption can provide greater financial stability for those living on a fixe
Homeowners who are 65 or older may qualify for an additional property tax exemption that can help reduce their tax burden. Once approved, many school district taxes are capped, helping protect homeowners from future increases caused by rising property values.
This exemption can provide greater financial stability for those living on a fixed income and help make it more affordable to remain in your home as you age. Some homeowners may also qualify for property tax deferral options, which can help prevent foreclosure during times of financial hardship.
Disability Exemption
Disability Exemption
Disability Exemption
Homeowners with qualifying disabilities may be eligible for an additional property tax exemption that can help lower their property tax burden. Similar to the Over 65 exemption, this benefit may include a cap on certain school district taxes and access to property tax deferral options.
This exemption can provide added financial relief and
Homeowners with qualifying disabilities may be eligible for an additional property tax exemption that can help lower their property tax burden. Similar to the Over 65 exemption, this benefit may include a cap on certain school district taxes and access to property tax deferral options.
This exemption can provide added financial relief and help homeowners maintain long-term housing stability. Eligibility is generally based on disability status recognized through Social Security or other qualifying programs.
Veteran Exemption
Disability Exemption
Veteran Exemption
Veterans with service-connected disabilities may qualify for property tax exemptions based on their disability rating. In some cases, veterans with a 100% disability rating may be exempt from paying property taxes on their primary residence. Eligible surviving spouses may also qualify to continue receiving this benefit.
These exemptions ca
Veterans with service-connected disabilities may qualify for property tax exemptions based on their disability rating. In some cases, veterans with a 100% disability rating may be exempt from paying property taxes on their primary residence. Eligible surviving spouses may also qualify to continue receiving this benefit.
These exemptions can provide significant financial relief, helping veterans remain in their homes, maintain housing stability, and preserve long-term homeownership. Applications and supporting documentation from the Department of Veterans Affairs are typically required to determine eligibility.
TAX RELIEF
Reverse Mortgages
- What Is a Reverse Mortgage?
A reverse mortgage allows homeowners, typically age 62 or older, to access the equity in their home through monthly payments, a lump sum, or a line of credit. - Important Responsibilities
Even with a reverse mortgage, homeowners must continue paying property taxes, maintaining homeowners insurance, and keeping the property in good condition. Failure to meet these obligations can result in default and may put the home at risk of foreclosure. - Impact on Family Inheritance
A reverse mortgage may affect the ability of heirs to inherit or keep the home after the homeowner passes away.
Reverse mortgages can be beneficial in certain situations, but they have long-term financial implications. It is important to understand the terms, explore all available options, and seek trusted guidance before making a decision.
Property Tax Deferral
- What Is a Tax Deferral?
Eligible homeowners, particularly seniors and individuals with disabilities, may qualify to postpone paying property taxes. - Protection from Foreclosure
A tax deferral can help prevent foreclosure and provide financial relief during difficult times. - Important to Know
Taxes are delayed, not forgiven, and may need to be repaid later. Interest may continue to accrue during the deferral period. - Why It Matters
A deferral can provide valuable time to stabilize finances, resolve property issues, and connect with additional resources.