ELDERLY EXEMPTION - CLAUSE 41C
Must be 70 years of age by July 1 of the tax year Must occupy the property on July 1 of the tax year Must file annually. Gross receipts may not exceed:$20,000 if single; $30,000 if Married Whole Estate (Not including value of home) cannot exceed:$40,000 if single; $55,000 if Married
What do the Assessors need??
Birth Certificate (First time filing, only) Income Tax Returns or documentation of income. Proof of occupancy. If domicile is held in trust, applicant must satisfy ownership requirement if he/she is a trustee or co-owner of the trust and possess a sufficient beneficial interest in the domicile Completed application.
What can the Assessors do??
Abate $1000.00 from tax bill. Must vote on it annually. Application should be filed in the Fall but can be filed as late as 3 months after the mailing of the Actual Bill (3rd Quarter) |
