Seniors: Get the Tax Breaks You Deserve
Residents of Brookline, Massachusetts were thrilled to hear their property values had gone up 7.7%, since this almost immediately translated into more equity in their homes.
Unfortunately, it also meant their property taxes were going to increase — by a whopping 6.2%. But not to worry. The town made sure exemptions were available to help those most in need.
An exemption means you pay lower taxes on your property, usually by first reducing your property’s value by either a certain percentage or a dollar amount. After the exemption is applied, the remaining value of your home is then taxed.
You won’t automatically receive exemptions. You must apply and may have to show proof that you:
- Own the property.
- Reside in the home.
- Are of a certain age.
- Meet the income requirements.
Because the number and type of property tax exemptions differ in each town and can change every year, your best plan of action is to ask your local tax assessor’s office which exemptions could apply to you.
Looking for other ways to reduce your property taxes? Page 217 of The Fixed Income Answer Book for Seniors has several perfectly legal ideas that most people have never heard of!
Recent Posts
Categories
- acid reflux
- Active Aging
- Aerobic Activity
- Age-Away Skin Cream
- air
- air freshener
- air quality
- Allergies
- Alzheimers
- amazing deals
- antioxidant
- antioxidants
- anxiety
- apples
- appliances
- arteries
- Arthritis
- Artificial Sweeteners
- asparagus
- avocado
- B vitamins
- bacteria
- baking soda
- bananas
- bathroom
- beauty secrets
- beauty sleep
- belly fat
- benefits
- benign prostatic hyperplasia
- blood clots
- blood flow
- blood pressure
- blood sugar
- body fuel
- book
- boom_a
- boom_b
- BPH
- Brain & Memory
- Brain Health
- brain training
- Budget
- Budget Friendly
- buy used
- Calcium
- calories
- canceer
- Cancer
- carotenoids
- carpet
- castor oil
- chemical-free cleaning
- cherries
- chocolate
- cholesterol
- citrus
- cleaning
- Cleaning & Stain Removal
- cleaning supplies
- Clutter Control
- Coffee
- Cold Symptoms
- composting
- computer
- computer knowledge
- Computers
- contacts
- Cook Healthy
- cost of living
- coupons
- curb appeal
- daisy
- Dark Chocolate
- Dehydration
- Dementia
- Dental
- deodorize
- depression
- devotions
- Diabetes
- Diabetes & High Blood Pressure
- diet
- Digestion
- Digestive
- digital voice assistant
- Discount
- discounts
- doctor visits
- Energy
- english ivy
- Essential Oil
- Exercise
- Eyesight
- faith
- Fall garden
- Fall gardening
- Fatigue
- fiber
- fiber-rich foods
- finance
- financial goals
- Fitness
- fixed income
- flavonoids
- floor
- Focus
- free radicals
- fresh air
- Fresh Fruit
- Fresh Vegetables
- friends
- Fruit Juice
- furniture
- gallstones
- Gardening
- garlic
- gastritis
- GERD
- gift card
- Ginger
- grapefruit
- green cleaning
- green tea
- groceries
- group call
- grout
- hacker
- hair growth
- HDMI
- headaches
- Health
- Health & Healing
- Health Insurance
- healthcare
- healthy brain
- healthy diet
- healthy eating
- Healthy Fats
- Healthy Habits
- Healthy Heart
- Healthy Living
- Healthy Recipes
- Healthy Shopping & Cooking
- Heart
- heart disease
- heart health
- Heart/Cholesterol/Blood Pressure
- Heartburn
- Herbs
- high blood pressure
- holiday savings
- Home Cleaning
- home improvemenet
- Home Organization
- Home protection
- Home Tips
- Honey
- Household Tips
- Hydrate
- ID theft
- Immunity & Infections
- inflammation
- Inflammatory bowel disease
- insulin
- insurance
- insurance fraud
- Internet deals
- Internet Scams
- iPhone message
- jewelry
- joint pain
- Landscaping
- light fixtures
- log in
- lycopene
- Magnesium
- Marketplace
- medical coverage
- Medicare
- memories
- memory
- menopause
- mental health
- metabolic syndrome
- migraines
- modern technology
- Moisturizer
- money
- Money Management
- Money-Saving Secrets
- moving
- Muscle aches & pain
- Muscles & Sprains
- mushrooms
- MyMedicare
- Nap
- Napping
- National Health Education
- natural
- natural cleaner
- natural healing
- Nausea
- neurobotics
- nutrients
- oatmeal
- olive oil
- onion
- online coupons
- Online security
- Organic
- Organic Food
- pain relief
- Pain Relief Rub
- paint
- palm
- password
- Pest Control
- planting
- plants
- Potassium
- potassiunm
- prayer
- prescriptions
- Probiotics
- profile
- property value
- Prostate
- Prostate Cancer
- protein
- Radiant Skin
- Reduce Stress
- refurbished computer
- religion
- retirement
- samples
- saving money
- savings
- Security
- senior discounts
- senior living
- senior skincare
- Senior Sports
- senior streaming
- Seniors
- seniors on computers
- serotonin
- sharethelove
- shopping for computers
- Skin Care
- skin cream
- Skin Hair & Nails
- skincare
- skype
- Sleep
- Smart Living
- Smart Money
- smart phone
- SMART SPEAKER
- Smart TV
- Smartphone
- smartphone streaming
- Social Media
- Social Security
- Soda
- Sodium
- soil
- solutions
- spirituality
- spirtual growth
- spirtuality
- sports
- Stanger Danger
- stomach problems
- stomack ache
- stop wrinkles
- streaming on an app
- Streaming services
- stress relief
- Stress/Mood/Depression
- stroke
- summer
- sunsafety
- sunscreen
- Supplements
- taxes
- Tea
- Technology
- texhnology
- texting
- thrift store
- tools
- Turmeric
- Type 1 Diabetes
- united states
- upset stomach
- Urinary
- used books
- UTI
- veg
- videochat
- vinegar
- VITAMIN A
- Vitamin D
- Vitamin D foods
- Vitamin E
- Vitamin K
- voice commands
- watermelon
- weather
- weeding
- weeds
- Weight Loss & Fitness
- weight management
- when to buy
- yogurt