Serving Lincoln County for more than a century!
Some seniors and disabled citizens will have an easier time qualifying for property tax relief starting with their 2016 tax bill.
Property tax exemption
Recently enacted legislation (Senate Bill 5186) lifts the income limit to qualify for a property tax exemption from $35,000 to $40,000 for property owners 61 years or older or those retired due to a service or job-related disability.
The exemption applies to a person’s principal residence and depends upon the combined disposable income of the applicant, spouse, partner and/or co-tenants occupying the same home.
Property tax deferral
The legisl...
Reader Comments(0)