With age comes certain privileges, including lower property tax bills.
More than one-quarter of states offer some type of property tax exemption to those who are 65 or older.
A property tax exemption is a specific type of property tax break that reduces the assessed value of your home, which in turn typically lowers your property taxes.
Here’s a look at some states that offer property tax exemptions to older residents.
Just keep in mind that these are homestead exemptions, meaning they typically are available only for your primary home.
They aren’t necessarily automatic, either: Eligible homeowners typically must apply for exemptions, in some…
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