Senior Property Tax Exemption

Senior Property Tax Exemption

Application Deadline July 15

A property tax exemption is available to qualifying senior citizens and the surviving spouses of seniors who previously qualified. The three basic requirements are; 1) the qualifying senior must be at least 65 years old on January 1 of the year in which he or she qualifies; 2) the qualifying senior must be the owner of record, and must have been the owner of record for at least ten consecutive years prior to January 1; and 3) the qualifying senior must occupy the property as his or her primary residence, and must have done so for at least ten consecutive years prior to January 1. For those who qualify, 50 percent of the first $200,000 of actual value of the applicant’s primary residence is exempted. The state will reimburse the county treasurer for the lost revenue.

The state is responsible for paying the tax on the exempted value. Once approved, the exemption remains in place until there is a change in ownership. Applications are available below.

An applicant or married couple can apply for the exemption on only one property.  That property must be his or her primary residence. Married couples and individuals who apply for the exemption on multiple properties will be denied the exemption on all properties.

You can find the Senior Property Exemption Forms at the link below or you can obtain and file application in person at the Assessor’s office. You can also call the office and request that they mail you a form and a return envelope. 303-621-3101