My city has a senior discount on property taxes, where seniors that have a net worth and income both below certain numbers pay reduced or as low as 0% of their regularly assessed property tax. I’m not sure how they verify net worth, but it seems like a good system to me as long as they have figured out a way to do that efficiently and effectively
I wonder if there should be an exemption for those on Social Security.
That said, I don’t know of a good way to ensure that an exemption like that wouldn’t be abused.
My city has a senior discount on property taxes, where seniors that have a net worth and income both below certain numbers pay reduced or as low as 0% of their regularly assessed property tax. I’m not sure how they verify net worth, but it seems like a good system to me as long as they have figured out a way to do that efficiently and effectively
I think most places have a senior freeze, so once you qualify it doesn’t go up anymore.