
Taxes keep going up, following property values. But some homeowners — and buyers — can tap into county or state property tax breaks.
Some states exempt seniors from property tax. Some states let eligible homeowners put off paying property taxes — in many areas, for as long as they own the home. An exemption doesn’t have to be paid back. A tax deferral does.
Plans are being expanded in some locations, so it’s always worth it to check in with your government’s revenue department if you think you might be eligible.
Continue reading “Welcome News: Some States Are Helping Seniors Defer Their Property Taxes”