Unlock Hidden Savings: The States Slashing Property Taxes for Seniors—Are You Eligible?
When does it make sense to apply?
Wondering if these property tax discounts are a good fit for you? As long as you are eligible based on your state’s criteria, experts say there are usually no downsides to utilizing the discounts!
“Seniors should take full advantage of this tax relief once they reach the qualifying age, especially since high property taxes are continuing to eat into many retirees’ savings,” suggests Pace. “Any exemptions or discounts can help reduce annual costs.”
However, some programs may not be beneficial in the long run. This is the case for the unique property tax freeze offered in California, for example.
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