SENIOR CITIZEN PROPERTY TAX RELIEF

 

The property tax exemption for senior citizens, enacted in its original form by constitutional amendment in 1967, provides tax relief for homeowners who qualify on the basis of age or disability and disposable income. In 2000, the program provided $117.4 million in relief for 126,914 participants.

To be eligible for tax relief in 2000, a homeowner must be 61 in the year the claim is filed or retired by reason of physical disability. Tax relief is provided in the following increments:

-- full exemption from excess property taxes, along with a freeze on assessed valuation at 1995 levels, for households with a combined disposable income of $30,000 or less;

-- exemption from all regular property taxes on the greater of $40,000 or 35 percent of the value of residence, not to exceed $60,000 if income is between $18,001 and $24,000; or

-- exemption from all regular property taxes on the greater of $50,000 or 60 percent of the value of residence if income is $18,000 or less.

 

SENIOR CITIZEN PROPERTY TAX RELIEF, 1976-2000

Year Levies

Approved

Total

Average

Due

Applicants

Relief

Relief

2000

126,914

117,387,875

925

1999

128,686

113,706,695

884

1998

131,924

80,614,685

611

1997

135,742

81,077,359

597

1996

136,036

79,043,697

581

1995

130,650

73,191,817

560

1994

126,641

67,368,802

532

1993

120,415

61,854,086

514

1992

105,024

52,184,342

496

1991

91,505

39,164,183

428

1990

93,392

36,390,308

390

1989

90,773

35,646,066

392

1988

87,004

26,997,527

310

1987

88,428

27,142,744

307

1986

89,235

24,402,314

273

1985

87,216

23,877,847

274

1984

90,031

20,695,350

230

1983

92,168

16,924,835

184

1982

100,252

16,925,378

169

1981

103,922

16,802,471

162

1980

105,127

18,392,355

175

1979

89,488

13,487,691

151

1978

87,089

14,156,821

163

1977

77,525

10,537,786

136

1976

83,205

8,878,902

107