PROPERTY TAX RELIEF PROGRAMS

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "PROPERTY TAX RELIEF PROGRAMS"

Transcription

1 PROPERTY TAX RELIEF PROGRAMS

2 S.L Studies Bill Revenue Laws Study Committee authorized to study issues relating to the effects on local units of government of enacted property tax relief programs and exemptions 2

3 Property Tax Relief Programs Property tax homestead exclusion Disabled veteran property tax homestead exclusion Property tax homestead circuit breaker Present use value property Builders inventory property tax deferral 3

4 Property Tax Homestead Exclusion Amount excluded The greater of the first $25,000 or 50% of the appraised value of the permanent residence of a qualifying owner 4

5 Property Tax Homestead Exclusion Who is a qualifying owner? 1. Owner must be a North Carolina resident 2. Owner must be at least 65 years of age or totally and permanently disabled 3. Owner must have income for the preceding calendar year that does not exceed the income eligibility limit 5

6 Property Tax Homestead Exclusion Year Exclusion Income Limit 1972 $5,000 $ 3, $ 5, Added disability $ 7, $7,500 $ 9, $8, $10,000 $ 10, $12,000 $ 11, $15, $20,000 $ 15, $20,00 or 50% value $ 18,000/indexed 2007 $25,000 or 50% $ 25,000/indexed 6

7 Disabled Veteran Homestead Exclusion What amount is excluded? The first $45,000 of appraised value of permanent residence 7

8 Disabled Veteran Homestead Who qualifies? Exclusion Veteran whose character of service at separation was honorable or under honorable conditions and who has a total and permanent service-connected disability or who received federal benefits for specially adapted housing 8

9 Disabled Veteran Homestead Who qualifies Exclusion A surviving spouse of either (1) a disabled veteran, (2) a veteran who died as a result of a serviceconnected condition whose character of service at separation was honorable or under honorable conditions, or (3) a service member who died from a service-connected condition in the line of duty and not as a result of willful misconduct. The surviving spouse must not have remarried 9

10 Disabled Veteran Homestead Exclusion How does a veteran show qualification? Veteran has received federal benefits to adapt housing, or Veteran has received certification by the U.S. Department of Veterans Affairs or another federal agency that the veteran has a service-connected, permanent, and total disability 10

11 Disabled Veteran Homestead Exclusion Prior to 2009, disabled veteran could exclude the first $38,000 in assessed value of housing if the veteran received federal benefits to adapt the housing for his or her special needs Federal benefit may not be more than 50% of cost of specially adapted housing up to a maximum of $50,000 (38 USC 2101) 11

12 Property Tax Homestead Circuit Breaker New program effective July 1, 2009 Defers property taxes owed on a permanent residence owned by an eligible taxpayer until a disqualifying event occurs Amount deferred based upon income of owner 12

13 Property Tax Homestead Circuit Breaker Who is a qualifying owner? 1. Owner must be a North Carolina resident 2. Owner must be at least 65 years of age or totally and permanently disabled 3. Owner must have owned the permanent residence for five consecutive years and occupied the residence for at least five years 4. Owner s income cannot exceed 150% of income eligibility limit for Property Tax Homestead Exclusion 13

14 Homestead Circuit Breaker What amount of property tax is deferred? If income for the previous year does not exceed the homestead income eligibility limit for current year, taxes are limited to 4% of the owner s income If income exceeds the income eligibility limit, but does not exceed 150% of the income eligibility limit, taxes are limited to 5% of the owner s income 14

15 Homestead Circuit Breaker 2009 income 2010 property taxes due < $27,100 4% of income $27,100 to $40,650 5% of income >$40,650 no relief 15

16 Homestead Circuit Breaker What are disqualifying events? Death of owner Transfer of property Owner ceases to use property as permanent residence Exceptions Transfers to co-owner or spouse and that person continues to occupy residence 16

17 Homestead Circuit Breaker When disqualifying event occurs, then the last three years of deferred taxes preceding the year that the disqualifying event occurs become due and payable, with interest, on the date of the disqualifying event 17

18 Homestead Circuit Breaker Unlike the homestead exclusion, the circuit breaker program requires an annual application If there are multiple owners, other than husband and wife, no circuit breaker is allowed unless all owners qualify and elect to defer taxes 18

19 Present Use Value Property Agricultural, horticultural and forestland Wildlife conservation land Working waterfront property 19

20 Present Use Value Property Agricultural, horticultural, and forestland Since 1974, farmland meeting certain ownership, size, and use requirements is appraised at PUV rather than market value under a PUV program Land must be in commercial production and under sound management program Disqualification results in deferred taxes for the preceding three years, with accrued interest, becoming due and payable. Taxes due and payable for the fiscal year that land becomes disqualified are computed at market value. 20

21 Present Use Value Property Agricultural land Actively engaged in commercial production of growing of crops, plants, or animals At least one 10-acre tract in production At least one tract that produced at least $1,000 average gross income over three preceding years

22 Present Use Value Property Horticultural land Actively engaged in commercial production of growing fruits, vegetables, nursery products, or floral products. At least one 5-acre tract in actual production At least one tract that produced average gross income of at least $1,000 over preceding three years

23 Present Use Value Property Forestland Actively engaged in commercial growing of trees At least one 20-acre tract in actual production No income requirement

24 Present Use Value Property Wildlife Conservation Land Effective July 1, 2010, wildlife conservation property will be appraised and taxed as if it were agricultural land Disqualification results in deferred taxes for the preceding three years with accrued interest becoming due and payable 24

25 Present Use Value Property Wildlife Conservation Land What are requirements for qualification? Use requirements Size requirements Ownership requirements 25

26 Present Use Value Property Wildlife Conservation Land Use requirements Land must be managed under a written wildlife habitat conservation agreement with the N.C. Wildlife Resources Commission (NCWRC) Owner must either (1) protect an animal species that lives on the land and that is on a N.C. protected animal list published by the NCWRC, or (2) conserve any one of the following priority animal wildlife habitats: Longleaf pine forest Early successional habitat Small wetland community Stream and riparian zone Rock outcrop Bat cave 26

27 Present Use Value Property Wildlife Conservation Land Size requirements Minimum size requirement The land must consist of at least 20 contiguous acres that meet the use requirements Maximum size requirement No more than 100 acres of an owner s land in a county may be classified as wildlife conservation land 27

28 Present Use Value Property Wildlife Conservation Land Ownership requirements Land must be owned by an individual, family business entity, or family trust Land must have been owned by the qualifying owner for the previous five years, except: When the land is owned by a family business or family trust, the land was owned by one or more members of the family business or family trust for the previous five years, or When the owner acquires wildlife conservation land and the owner continues to use the land as wildlife conservation land, and the new owner signs the existing wildlife agreement for the land within 60 days of acquiring the land 28

29 Present Use Value Property Wildlife Conservation Land Exceptions to payment of deferred taxes When owner of wildlife conservation land previously classified as agricultural does not transfer the land and the land again becomes classified as agricultural land When wildlife conservation land is transferred to owner who signs conservation agreement at time of transfer and continues to use land for wildlife conservation 29

30 Present Use Value Property Working Waterfront Property Effective July 1, 2009, working waterfront property is appraised and taxed at its present use value as opposed to market value Disqualification results in deferred taxes for the three previous years with accrued interest becoming due and payable

31 Present Use Value Property Working Waterfront Property What type of property qualifies? Any of the following property that has produced an average gross income of at least $1,000 for the most recent three years: 1. Pier that extends into coastal fishing waters and requires an access fee, or 2. Real property that is adjacent to coastal fishing waters and primarily used for a commercial fishing operation or fish processing

32 Builders Inventory Property Tax Deferral Effective July 1, 2010 until July 1, 2013, a licensed general contractor may defer taxes on an occupant-ready residence constructed and owned by contractor Deferred taxes become due at earliest of one of following disqualifying events: Builder transfers the residence Residence occupied by builder or person with builder s consent Five years from date property was subject to being listed for taxation by builder Three years from time property first received tax benefit 32

33 Helpful Websites North Carolina Department of Revenue Includes Present Use Value Program Guide and applications for property tax relief

STATE OF NORTH CAROLINA COUNTY OF FORSYTH YEAR 2015 APPLICATION FOR PROPERTY TAX RELIEF

STATE OF NORTH CAROLINA COUNTY OF FORSYTH YEAR 2015 APPLICATION FOR PROPERTY TAX RELIEF STATE OF NORTH CAROLINA COUNTY OF FORSYTH YEAR 2015 APPLICATION FOR PROPERTY TAX RELIEF ELDERLY OR DISABLED EXCLUSION (G.S. 105-277.1), DISABLED VETERAN EXCLUSION (G.S. 105-277.1C), or CIRCUIT BREAKER

More information

North Carolina s Forestry Present-Use Valuation (PUV) Property Tax Program

North Carolina s Forestry Present-Use Valuation (PUV) Property Tax Program Woodland Owner Notes North Carolina s Forestry Present-Use Valuation (PUV) Property Tax Program Qualified North Carolina owners of soundly managed commercial forestland have been eligible for property

More information

APPLICATION FOR PROPERTY TAX RELIEF

APPLICATION FOR PROPERTY TAX RELIEF APPLICATION FOR PROPERTY TAX RELIEF HENDERSON COUNTY NORTH CAROLINA YEAR 2010 ELDERLY OR DISABLED EXCLUSION (G.S. 105-277.1), DISABLED VETERAN EXCLUSION (G.S. 105-277.1) CIRCUIT BREAKER TAX DEFERMENT PROGRAM

More information

Property ID Number: Name of Applicant: Date of Birth: Mo Day Yr Date of Death: Mo Day Yr

Property ID Number: Name of Applicant: Date of Birth: Mo Day Yr Date of Death: Mo Day Yr APPLICATION/AUDIT REVIEW FOR PROPERTY TAX RELIEF ELDERLY OR DISABLED EXCLUSION (G.S. 105-277.1), DISABLED VETERAN EXCLUSION (G.S. 105-277.1C), or CIRCUIT BREAKER TAX DEFERMENT PROGRAM (G.S. 105-277.1B)

More information

MECKLENBURG COUNTY. Assessor s Office Real Estate Division

MECKLENBURG COUNTY. Assessor s Office Real Estate Division MECKLENBURG COUNTY Assessor s Office Real Estate Division Dear Sir/Madam, Enclosed is a 2014 application/audit review for Low-Income Homestead Exclusion, the Disabled Veteran Exclusion, and the Circuit

More information

*** 2015 APPLICATION FOR PROPERTY TAX RELIEF ***

*** 2015 APPLICATION FOR PROPERTY TAX RELIEF *** *** 2015 APPLICATION FOR PROPERTY TAX RELIEF *** Mail Completed Application To: Gaston County Tax Dept. * Att: Homestead * PO Box 1578 * Gastonia, NC 28053 PARTIALLY COMPLETED APPLICATIONS CANNOT BE PROCESSED

More information

APPLICATION FOR PROPERTY TAX RELIEF

APPLICATION FOR PROPERTY TAX RELIEF Rev. 7-10 Application Must Be Received by the County Tax Assessor b)' June 1'1 To Be Timely Filed.,STATE OF NORTH CAROLINA Craven COUNTY OF -----.----- YEAR 2011 APPLICATION FOR PROPERTY TAX RELIEF ELDERLY

More information

ARTICLE I Tax Relief for the Elderly

ARTICLE I Tax Relief for the Elderly Proposed Amendment to Ordinance on Tax Relief: Chapter 57, Article I of the New Canaan Code is hereby amended as follows. Deletions are marked by strikeouts, and new language is marked by underlined italics.

More information

Iowa Barn and One-Room School House Property Exemption

Iowa Barn and One-Room School House Property Exemption Search... eservices Publications Research Contacts FAQs Forms News Classes Exemptions Home Businesses Individuals Tax Professionals Local Government Property Tax Credits and Ag Land Credit Barn and One-Room

More information

Disabled Veteran or Surviving Spouse Exemption Claim [Oregon Revised Statute (ORS) 307.250-307.283]

Disabled Veteran or Surviving Spouse Exemption Claim [Oregon Revised Statute (ORS) 307.250-307.283] Disabled Veteran or Surviving Spouse Exemption Claim [Oregon Revised Statute (ORS) 307.250-307.283] Instructions For Assessor s use only Complete either Part 1 or Part 2 of this claim form on page 2, not

More information

PRESENT-USE VALUE PROGRAM GUIDE

PRESENT-USE VALUE PROGRAM GUIDE PRESENT-USE VALUE PROGRAM GUIDE NORTH CAROLINA DEPARTMENT OF REVENUE LOCAL GOVERNMENT DIVISION PROPERTY TAX SECTION David B. Baker, Director JANUARY 1, 2015 Table of Contents Foreword 1 Chapter 1 Introduction

More information

Senior and Disabled Tax Relief. City Council Worksession January 15, 2013

Senior and Disabled Tax Relief. City Council Worksession January 15, 2013 Senior and Disabled Tax Relief City Council Worksession January 15, 2013 Purpose of the Presentation As you may recall, in October, the Administration presented the Program s current status and several

More information

Appraisal Districts. Who governs a local county appraisal district? How are directors chosen? How is an appraisal district funded?

Appraisal Districts. Who governs a local county appraisal district? How are directors chosen? How is an appraisal district funded? Appraisal Districts Who governs a local county appraisal district? A local board of directors governs the appraisal district. How are directors chosen? The governing bodies of the taxing units that vote

More information

Joint Select Committee on Property Tax Relief and Reform. June 4, 2007

Joint Select Committee on Property Tax Relief and Reform. June 4, 2007 Selected Property Tax Relief and Reform Issues Joint Select Committee on Property Tax Relief and Reform June 4, 2007 Selected Issues Tangible Personal Property Low-Income Seniors Working Waterfronts Affordable

More information

Application for Residence Homestead Exemption

Application for Residence Homestead Exemption Appraisal District s Name Phone (area code and number) Appraisal District Address, City, State, ZIP Code Website address (if applicable) This document must be filed with the appraisal district office in

More information

WISCONSIN VETERANS AND SURVIVING SPOUSES PROPERTY TAX CREDIT

WISCONSIN VETERANS AND SURVIVING SPOUSES PROPERTY TAX CREDIT WISCONSIN VETERANS AND SURVIVING SPOUSES PROPERTY TAX CREDIT Information, Request Form, and Instructions Contents Property Tax Credit for Veterans and Surviving Spouses... 2 Procedures... 3 Form Completion

More information

Property Tax Relief Programs

Property Tax Relief Programs Fiscal Year 2015 Property Tax Relief Programs The Selectmen s Tax Deferral and Exemption Study Committee Co-Chairs Vicki Blier and Patricia Costello Robert Addelson, Assistant Town Manager for Finance

More information

Homestead Property Tax Discount for Disabled Veterans

Homestead Property Tax Discount for Disabled Veterans The Florida Senate BILL ANALYSIS AND FISCAL IMPACT STATEMENT (This document is based on the provisions contained in the legislation as of the latest date listed below.) Prepared By: The Professional Staff

More information

BREVARD COUNTY PROPERTY APPRAISER

BREVARD COUNTY PROPERTY APPRAISER BREVARD COUNTY PROPERTY APPRAISER www.bcpao.us Dana Blickley, CFA What does the Property Appraiser do? The Brevard County Property Appraiser (BCPA) is responsible for identifying, locating (listing), and

More information

Oklahoma Ad Valorem. 1 of 14. Central Valuation by Oklahoma Tax Commission: All Public Service Corporations (multiple county impact)

Oklahoma Ad Valorem. 1 of 14. Central Valuation by Oklahoma Tax Commission: All Public Service Corporations (multiple county impact) Oklahoma Ad Valorem - Founded Before Statehood And Codified in the 1907 Populist Constitution And Current Laws - Township Assessors in 1894 - County Assessor System Set Up in 1911 - Tax Commission Oversight

More information

Appendix D: Code of Virginia

Appendix D: Code of Virginia Appendix D: Code of Virginia 58.1 3230-3241 58.1-3230. Special classifications of real estate established and defined. For the purposes of this article the following special classifications of real estate

More information

NC General Statutes - Chapter 105 Article 12 1

NC General Statutes - Chapter 105 Article 12 1 Article 12. Property Subject to Taxation. 105-274. Property subject to taxation. (a) All property, real and personal, within the jurisdiction of the State shall be subject to taxation unless it is: (1)

More information

INDIANA PROPERTY TAX BENEFITS State Form 51781 (R7 / 6-09) Prescribed by the Department of Local Government Finance

INDIANA PROPERTY TAX BENEFITS State Form 51781 (R7 / 6-09) Prescribed by the Department of Local Government Finance State Form 51781 (R7 / 6-09) Prescribed by the Department of Local Government Finance INSTRUCTIONS: (THIS FORM MUST BE PRINTED ON GOLD OR YELLOW PAPER) Listed below are certain deductions and credits that

More information

Property Tax Relief Programs

Property Tax Relief Programs Fiscal Year 2013 Property Tax Relief Programs The Selectmen s Tax Deferral and Exemption Study Committee Co-Chairs Vicki Blier and Patricia Costello Robert Addelson, Assistant Town Manager for Finance

More information

2010 TAX RELIEF GUIDE FOR SENIORS

2010 TAX RELIEF GUIDE FOR SENIORS Y 2010 TAX RELIEF GUIDE FOR SENIORS Are you eligible? ou could be saving hundreds or even thousands of tax dollars each year, but you may not be not aware of the many breaks available. This publication,

More information

PROPERTY. Prepared as a public service for residents by. C.I.A.O.\I Antioch Township Assessor www.antiochassessor.com. HEATHERKUFAlK-MAROnA,

PROPERTY. Prepared as a public service for residents by. C.I.A.O.\I Antioch Township Assessor www.antiochassessor.com. HEATHERKUFAlK-MAROnA, A TAXPAYER'S GUIDE TO PROPERTY TAX RELIEF -: Prepared as a public service for residents by C.I.A.O.\I Antioch Township Assessor www.antiochassessor.com HEATHERKUFAlK-MAROnA, P.O. Box 658 Antioch, Illinois

More information

- If I sell my house during the year, who gets the tax ticket and who is responsible for the taxes?

- If I sell my house during the year, who gets the tax ticket and who is responsible for the taxes? Real Estate Taxes - What is the Real Estate tax rate for Wythe County? - If I sell my house during the year, who gets the tax ticket and who is responsible for the taxes? - How and when will I be assessed

More information

Overview. January, 2009

Overview. January, 2009 Information Guide January, 2009 Nebraska Homestead Exemption NOTE: Nebraska Homestead Exemption Application or Certification of Status, Form 458, is mailed to homestead exemption recipients in January,

More information

Property Ownership, real Property Transfers, and Taxes

Property Ownership, real Property Transfers, and Taxes Property Ownership, real Property Transfers, and Taxes In This Chapter Section -1 Section -2 Section -3 types of Property ownership transferring Property basic tax Matters Chapter Find definitions for

More information

Veteran s Tax Credit: $200.00. 100% Disabled Veterans: $1400.00

Veteran s Tax Credit: $200.00. 100% Disabled Veterans: $1400.00 Veteran s Tax Credit: $200.00 100% Disabled Veterans: $1400.00 Elderly Exemption: See below- based on age Age 65-74= $25,600 Age 75-79= $ 64,100 Age 80+= $ 109,900 Blind Exemption: $15,000 TAXPAYER S RSA

More information

August 17, 2011. a) tax deferrals pursuant to the provisions of General Law c.59, 5 clauses 18A and 41A;

August 17, 2011. a) tax deferrals pursuant to the provisions of General Law c.59, 5 clauses 18A and 41A; MASSACHUSETTS COLLECTORS AND TREASURERS SCHOOL August 17, 2011 Course: DEFERRED TAXES Instructors: David E. Condon, Esq. Jena C. Muñoz, Esq. Louison, Costello, Condon & Pfaff LLP 101 Summer Street Boston,

More information

Property Tax Relief for Seniors

Property Tax Relief for Seniors Fiscal Year 2012 Property Tax Relief for Seniors Tax relief may be available to you! Read this booklet to understand the options The Selectmen s Tax Deferral and Exemption Study Committee Co-Chairs Vicki

More information

MAINE REVENUE SERVICES PROPERTY TAX DIVISION PROPERTY TAX BULLETIN NO. 7

MAINE REVENUE SERVICES PROPERTY TAX DIVISION PROPERTY TAX BULLETIN NO. 7 MAINE REVENUE SERVICES PROPERTY TAX DIVISION PROPERTY TAX BULLETIN NO. 7 TAX EXEMPTIONS FOR VETERANS REFERENCE: 36 M.R.S. 653 January 22, 2016; replaces June 24, 2015 revision This bulletin outlines the

More information

Informational Guideline Release

Informational Guideline Release Massachusetts Department of Revenue Division of Local Services Navjeet K. Bal, Commissioner Robert G. Nunes, Deputy Commissioner & Director of Municipal Affairs Informational Guideline Release Bureau of

More information

Property Tax Relief Programs

Property Tax Relief Programs Property Tax Relief Programs You may be eligible for tax relief! This booklet is designed to help you understand options available to you Board of Assessors David Brown, Chair Susan Miller Carol Leipner

More information

The most significant questions addressed by the attorney general are:

The most significant questions addressed by the attorney general are: Memorandum To: VML key officials From: Mark Flynn, director of legal services Re: Real estate tax exemption for disabled veterans Date: August 4, 2011 This memo is being sent to address recent developments

More information

Conservation Tax Credit Regulations Chapter 391-1-6 A-1 RULES OF GEORGIA DEPARTMENT OF NATURAL RESOURCES CHAPTER 391-1-6

Conservation Tax Credit Regulations Chapter 391-1-6 A-1 RULES OF GEORGIA DEPARTMENT OF NATURAL RESOURCES CHAPTER 391-1-6 Conservation Tax Credit Regulations Chapter 391-1-6 A-1 RULES OF GEORGIA DEPARTMENT OF NATURAL RESOURCES CHAPTER 391-1-6 GEORGIA CONSERVATION TAX CREDIT PROGRAM TABLE OF CONTENTS 391-1-6-.01 Purpose and

More information

North Carolina State Veteran's Benefits

North Carolina State Veteran's Benefits North Carolina State Veteran's Benefits The state of North Carolina provides several veteran benefits. This section offers a brief description of each of the following benefits. Housing Benefits Financial

More information

PROPERTY TAX RELIEF FOR SENIOR CITIZENS OF MARSHFIELD

PROPERTY TAX RELIEF FOR SENIOR CITIZENS OF MARSHFIELD PROPERTY TAX RELIEF FOR SENIOR CITIZENS OF MARSHFIELD PRESENTED BY: MARSHFIELD BOARD OF ASSESSORS James Haddad John Cantwell Patrick Harring, MAA Elizabeth A. Bates, MAA Assessor/Appraiser What is available

More information

A GUIDE TO PROPERTY TAX HELP FOR SOUTHBOROUGH SENIOR CITIZENS

A GUIDE TO PROPERTY TAX HELP FOR SOUTHBOROUGH SENIOR CITIZENS A GUIDE TO PROPERTY TAX HELP FOR SOUTHBOROUGH SENIOR CITIZENS Everything you should know about property tax exemptions This guide has been prepared for Southborough Seniors by the Southborough Council

More information

ASSESSOR S CALENDAR. When in session, the board of county commissioners may cancel property taxes which for any lawful reason should not be paid.

ASSESSOR S CALENDAR. When in session, the board of county commissioners may cancel property taxes which for any lawful reason should not be paid. CONTINUOUS Assessor Submits Tax Numbers The assessor must provide a list of tax numbers, showing the complete legal description and the tax number for that description, to be recorded by the county recorder

More information

ARTICLE IV. SENIOR CITIZENS TAX ABATEMENT Sec. 220-13. Pilot Program for Senior Citizens Tax Abatement for Fiscal Year 2015/2016.

ARTICLE IV. SENIOR CITIZENS TAX ABATEMENT Sec. 220-13. Pilot Program for Senior Citizens Tax Abatement for Fiscal Year 2015/2016. ARTICLE IV. SENIOR CITIZENS TAX ABATEMENT Sec. 220-13. Pilot Program for Senior Citizens Tax Abatement for Fiscal Year 2015/2016. For the fiscal year July 1, 2015 through June 30, 2016 and only said fiscal

More information

Tera Klutz, CPA Allen County Auditor. November 10, 2011

Tera Klutz, CPA Allen County Auditor. November 10, 2011 Tera Klutz, CPA Allen County Auditor November 10, 2011 Exemption = property is not taxable Churches, Charitable Organizations, etc. IC 6-1.1-10; IC 6-1.1-11 Deduction = reduces the taxable assessed value

More information

FACT SHEET. Conservation easements can be. Estate Planning and Conservation Easements. Oct. 2013

FACT SHEET. Conservation easements can be. Estate Planning and Conservation Easements. Oct. 2013 FACT SHEET Oct. 2013 Estate Planning and Conservation Easements PHOTO: Edwin remsberg A conservation easement restricts development on the land. In exchange for this restriction, the landowner may receive

More information

INDIANA PROPERTY TAX BENEFITS State Form 51781 (R11 / 4-14) Prescribed by the Department of Local Government Finance

INDIANA PROPERTY TAX BENEFITS State Form 51781 (R11 / 4-14) Prescribed by the Department of Local Government Finance State Form 51781 (R11 / 4-14) Prescribed by the Department of Local Government Finance THIS FORM MUST BE PRINTED ON GOLD OR YELLOW PAPER. Listed below are certain deductions and credits that are available

More information

Wildlife Habitat Conservation and Management Program

Wildlife Habitat Conservation and Management Program Wildlife Habitat Conservation and Management Program Manual for Counties and Cities Oregon Department of Fish and Wildlife 2015 Table of Contents 1. Introduction Purpose of the habitat program Objective

More information

State Homestead / Circuit Breaker Tax Relief Programs, 2006

State Homestead / Circuit Breaker Tax Relief Programs, 2006 Homestead / Circuit Breaker Programs, 2006 State Age 65 and under; no income limits $4,000 AV (state taxes) $2,000 AV (local taxes) The total exemption applicable to the property cannot exceed $4,000 Alabama

More information

VETERAN DEPENDENTS COLLEGE FEE WAIVER PROGRAM

VETERAN DEPENDENTS COLLEGE FEE WAIVER PROGRAM Veterans Working for Veterans VETERAN DEPENDENTS COLLEGE FEE WAIVER PROGRAM One of the most rewarding benefits the California Department of Veterans Affairs administers is the Dependents Fee Waiver program

More information

Overview of Tax Consequences of Condemnation of Private Agricultural Lands

Overview of Tax Consequences of Condemnation of Private Agricultural Lands Overview of Tax Consequences of Condemnation of Private Agricultural Lands By Robert Fishman, Fishman, Larsen, Goldring & Zeitler (http://www.flgz.net/) 1 Legal Disclaimer. The information provided below

More information

Biodiversity and Wildlife Habitat

Biodiversity and Wildlife Habitat Biodiversity and Wildlife Habitat A Comprehensive Conservation Plan for Chatham County Allison Schwarz Weakley, Conservation Planner NC Natural Heritage Program NC Department of Environment and Natural

More information

How Your Property Tax Is Determined

How Your Property Tax Is Determined Property Tax Relief for Forest Landowners by Mel Baughman Extension Forester and Program Leader, University of Minnesota, Department of Forest Resources and University of Minnesota Extension, St. Paul,

More information

Dec. 7, Texas Comptroller of Public Accounts

Dec. 7, Texas Comptroller of Public Accounts Presentation to the Senate Select Committee on Property Tax Reform & Relief The Honorable Paul Bettencourt, Chair Overview of Property Tax System in Texas Dec. 7, 2015 Presented by: Phillip Ashley, Associate

More information

4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON:

4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF WASHINGTON: 1 AN ACT Relating to providing property tax relief for active duty 2 military personnel injured in the line of duty; and amending RCW 3 84.36.379, 84.36.381, 84.36.383, and 84.36.385. 4 BE IT ENACTED BY

More information

As stewards of the land, farmers must protect the quality of our environment and conserve the natural resources that sustain it by implementing

As stewards of the land, farmers must protect the quality of our environment and conserve the natural resources that sustain it by implementing N A T U R A L R E S O U R C E C O N S E R V A T I O N As stewards of the land, farmers must protect the quality of our environment and conserve the natural resources that sustain it by implementing conservation

More information

Tax Department Most Frequently Asked Questions

Tax Department Most Frequently Asked Questions Tax Department Most Frequently Asked Questions 1102 Bob Bullock Loop Hours of Operation: P.O. Box 6548 Monday thru Friday 8am to 5pm Laredo, Texas 78042 Phone 956-727-6403 Fax 956-727-6404 Q: What is the

More information

WYOMING DEPARTMENT OF REVENUE PROPERTY TAX DIVISION. CURRENT PROPERTY TAX RELIEF/CREDIT/DEFERRAL PROGRAMS (Last revised March 2016)

WYOMING DEPARTMENT OF REVENUE PROPERTY TAX DIVISION. CURRENT PROPERTY TAX RELIEF/CREDIT/DEFERRAL PROGRAMS (Last revised March 2016) WYOMING DEPARTMENT OF REVENUE PROPERTY TAX DIVISION CURRENT PROPERTY TAX RELIEF/CREDIT/DEFERRAL PROGRAMS (Last revised March 2016) PLEASE NOTE: This is a general description and summary of property tax

More information

Internal Revenue Service, Treasury 1.1361 1

Internal Revenue Service, Treasury 1.1361 1 Internal Revenue Service, Treasury 1.1361 1 1.1361 1 S corporation defined. (a) In general. For purposes of this title, with respect to any taxable year (1) The term S corporation means a small business

More information

Military Personnel. What s New in 2014. Military Subtraction

Military Personnel. What s New in 2014. Military Subtraction www.revenue.state.mn.us Military Personnel 5 Income Tax Fact Sheet 5 Minnesota forms you may need: M1, M1B, M1C, M1CD, M1CR, M1ED, M1LTI, M1M, M1MA, M1NR, M1PR, M1READ, M1WFC, M1X, M99, M23 Fact Sheet

More information

2015 Tax Relief for the Elderly Ordinance

2015 Tax Relief for the Elderly Ordinance 2015 Tax Relief for the Elderly Ordinance General and Administration Sections Section 1. The Town of Easton amends and restates the ordinance relating to tax relief for elderly homeowners, adopted pursuant

More information

Veterans or Veterans Widow Credit

Veterans or Veterans Widow Credit Veterans or Veterans Widow Credit Must own property on April 1 of year of application. Must be NH resident for 1 year prior to April 1 of the application year. Must be residential property. Must notify

More information

Homestead Tax Credit

Homestead Tax Credit Homestead Tax Credit Prepared by Al Runde Wisconsin Legislative Fiscal Bureau One East Main, Suite 301 Madison, WI 53703 Homestead Tax Credit Introduction The homestead tax credit program directs property

More information

~ THIE PROPERTY TAX STRUCTURE IN MASSACHUSETTS

~ THIE PROPERTY TAX STRUCTURE IN MASSACHUSETTS T he purpose of this bulletin is to inform woodland owners of the different property tax programs available under Massachusetts law. Careful study of the text and contact with their Department of Environmental

More information

Section 12 - TAXATION

Section 12 - TAXATION Section 12 - TAXATION ORDINANCE PERTAINING TO ELIMINATION OF BOARD OF ASSESSORS AND APPOINTMENT OF PART-TIME ASSESSOR RESOLVED, that the present Board of Assessors of the Town of Deep River be eliminated

More information

2012 CHANGES AFFECTING LEGAL RESIDENCE QUALIFICATION

2012 CHANGES AFFECTING LEGAL RESIDENCE QUALIFICATION 2012 CHANGES AFFECTING LEGAL RESIDENCE QUALIFICATION TWO MAJOR CHANGES 1. Restricts the number of legal residences for a married couple (and other household members) to one, regardless of the state (ie:

More information

AGRICULTURAL CLASSIFICATION

AGRICULTURAL CLASSIFICATION AGRICULTURAL CLASSIFICATION 2009 FLORIDA STATUTES: 193.451 Annual growing of agricultural crops, nonbearing fruit trees, nursery stock; taxability.-- (1) Growing annual agricultural crops, nonbearing fruit

More information

Lower Your Property Taxes With Clean And Green

Lower Your Property Taxes With Clean And Green Monday, October 22, 2001 The Agricultural Law Research & Education Center Lower Your Property Taxes With Clean and Green Page 1 Lower Your Property Taxes With Clean And Green This information will be updated

More information

Line-by-Line Instructions for Schedule 1, Additions and Subtractions

Line-by-Line Instructions for Schedule 1, Additions and Subtractions and interest and send you a bill. If you annualize your income, you must complete and attach an MI-2210. Enter the penalty and interest amounts on the lines provided. Line 35: Refund. This includes any

More information

Get familiar: Proposed constitutional amendments on the Nov. 6 ballot

Get familiar: Proposed constitutional amendments on the Nov. 6 ballot Get familiar: Proposed constitutional amendments on the Nov. 6 ballot Before heading to the polls Nov. 6, residents will have to know more than whom they're voting for in the presidential election. In

More information

Probate Department 77 Fairfax Street, Suite 1A Berkeley Springs, WV 25411 Phone: (304) 258-8547 Fax: (304) 258-8545

Probate Department 77 Fairfax Street, Suite 1A Berkeley Springs, WV 25411 Phone: (304) 258-8547 Fax: (304) 258-8545 Probate Department 77 Fairfax Street, Suite 1A Berkeley Springs, WV 25411 Phone: (304) 258-8547 Fax: (304) 258-8545 PROBATE AND ESTATE ADMINISTRATION Morgan County, West Virginia The Probate Department

More information

SHARED REVENUE AND TAX RELIEF

SHARED REVENUE AND TAX RELIEF SHARED REVENUE AND TAX RELIEF GOVERNOR'S BUDGET RECOMMENDATIONS Source FY13 FY14 % Change FY15 % Change of Funds Adjusted Base Recommended Over FY13 Recommended Over FY14 GPR 2,147,889,100 2,136,517,700-0.5

More information

2013 Property Tax Calendar

2013 Property Tax Calendar PROPERTY TAX BULLETIN NO. 164 DECEMBER 2012 2013 Property Tax Calendar Christopher B. McLaughlin This calendar lists deadlines for the 2013 14 tax year established by the Machinery Act. Duties for which

More information

Table of Contents Section Page #

Table of Contents Section Page # HOMESTEAD STANDARD DEDUCTION AND OTHER DEDUCTIONS Frequently Asked Questions (FAQs) Revised January 5, 2011 For additional information regarding deductions, please visit http://www.in.gov/dlgf/2344.htm.

More information

ESTATE TAX FILING INSTRUCTIONS

ESTATE TAX FILING INSTRUCTIONS ESTATE TAX FILING INSTRUCTIONS Section References are to the Internal Revenue Code (IRC) as it existed on January 1, 2005. WHO MUST FILE This Washington State Estate and Transfer Tax Return must be filed

More information

Accounting Periods and Methods

Accounting Periods and Methods Department of the Treasury Internal Revenue Service Publication 538 (Rev. December 2012) Cat. No. 15068G Accounting Periods and Methods Contents Introduction... 1 Reminders... 2 Accounting Periods... 2

More information

Farmland Preservation An Estate Planning Tool

Farmland Preservation An Estate Planning Tool Fact Sheet 779 Farmland Preservation An Estate Planning Tool If current trends are left unchecked, Maryland could lose 500,000 acres of farmland, forests, and other open spaces to development over the

More information

Timber Income and the Federal Income Tax

Timber Income and the Federal Income Tax Agriculture and Natural Resources Timber Income and the Federal Income Tax FSA5025 Caroll Guffey Extension Associate, Arkansas Forest Resources Center Rebecca Montgomery Field Auditor Supervisor, Arkansas

More information

VETERANS' ASSISTANCE PROGRAMS AND THE DEFINITION OF VETERAN FOR PURPOSES OF ELIGIBILITY UNDER THE PROGRAMS

VETERANS' ASSISTANCE PROGRAMS AND THE DEFINITION OF VETERAN FOR PURPOSES OF ELIGIBILITY UNDER THE PROGRAMS 15.9288.01000 Prepared for the Government Services Committee VETERANS' ASSISTANCE PROGRAMS AND THE DEFINITION OF VETERAN FOR PURPOSES OF ELIGIBILITY UNDER THE PROGRAMS NORTH DAKOTA VETERANS' PROGRAMS The

More information

QUALIFYING USES. Signature of owner or corporation officer: Title:

QUALIFYING USES. Signature of owner or corporation officer: Title: LU-1 Real Estate Appraisal DUE NOVERMBER 1, 2016 4901034 (REV 11/03) APPLICATION FOR TAXATION ON THE BASIS OF A LAND USE ASSESSMENT A single application prepared in triplicate shall be filed for each line

More information

FOR ASSISTANCE PLEASE CALL 703-222-8234 TTY 703-222-7594

FOR ASSISTANCE PLEASE CALL 703-222-8234 TTY 703-222-7594 2014 Desiree M. Baltimore, Manager, Tax Relief Section Department of Tax Administration 703-222-8234 taxrelief@fairfaxcounty.gov TTY: 703-222-7594 APPLICATION FOR TAX RELIEF COUNTY OF FAIRFAX DEPARTMENT

More information

5 - Member Benefits / Health Insurance Continuation

5 - Member Benefits / Health Insurance Continuation Illinois Municipal Retirement Fund Member Benefits / Health Insurance Continuation / SECTION 5 5 - Member Benefits / Health Insurance Continuation BENEFITS... 143 5.00 INTRODUCTION... 143 5.10 SEPARATION

More information

M E M B E R H A N D B O O K. Public Employees Retirement System WORKERS COMPENSATION JUDGES ADDENDUM. State of New Jersey.

M E M B E R H A N D B O O K. Public Employees Retirement System WORKERS COMPENSATION JUDGES ADDENDUM. State of New Jersey. M E M B E R H A N D B O O K State of New Jersey Public Employees Retirement System WORKERS COMPENSATION JUDGES ADDENDUM August 2016 Department of the Treasury Division of Pensions and Benefits PUBLIC EMPLOYEES

More information

Ohio Woodland Property Tax Programs By: Terence E. Hanley

Ohio Woodland Property Tax Programs By: Terence E. Hanley Ohio Woodland Property Tax Programs By: Terence E. Hanley For the last quarter century, forest land in Ohio has held steady at about one-third of the total land area of the state. Although there has been

More information

National Association of Counties Property Taxes: A Look at Exemptions, Tax Limits and Assessment Cycles

National Association of Counties Property Taxes: A Look at Exemptions, Tax Limits and Assessment Cycles National Association of Counties Property Taxes: A Look at Exemptions, Tax Limits and Assessment Cycles National Association of Counties Property Taxes: A Look at Exemptions, Tax Limits and Assessment

More information

SENIORS Clauses 41, 41B, 41C, 41C½

SENIORS Clauses 41, 41B, 41C, 41C½ Mark E. Nunnelly Commissioner of Revenue Sean R. Cronin Senior Deputy Commissioner TAXPAYER S GUIDE TO LOCAL PROPERTY TAX EXEMPTIONS SENIORS Clauses 41, 41B, 41C, 41C½ The Department of Revenue (DOR) has

More information

OTHER LOCAL TAX RELIEF PROGRAMS

OTHER LOCAL TAX RELIEF PROGRAMS OTHER LOCAL TAX RELIEF PROGRAMS Cheshire Code of Ordinances: Chapter 17 - ASSESSMENT AND TAXATION MATTERS Sec. 17-1. - Effective date for tax exemption of certain property. (a) Pursuant to Section 12-81b

More information

2012Susan Combs Texas Comptroller of Public Accounts. Property Tax Basics. Texas Property Tax

2012Susan Combs Texas Comptroller of Public Accounts. Property Tax Basics. Texas Property Tax 2012Susan Combs Texas Comptroller of Public Accounts Property Tax Basics Texas Property Tax This publication is intended to provide customer assistance to taxpayers. It does not address all aspects of

More information

OVERVIEW OF FEDERAL INCOME TAX PROVISIONS RELATING TO EMPLOYEE STOCK OPTIONS

OVERVIEW OF FEDERAL INCOME TAX PROVISIONS RELATING TO EMPLOYEE STOCK OPTIONS OVERVIEW OF FEDERAL INCOME TAX PROVISIONS RELATING TO EMPLOYEE STOCK OPTIONS Scheduled for a Hearing Before the SUBCOMMITTEE ON OVERSIGHT of the HOUSE COMMITTEE ON WAYS AND MEANS on October 12, 2000 Prepared

More information

New Exclusion for Improvements to Residential and Commercial Real Property

New Exclusion for Improvements to Residential and Commercial Real Property PROPERTY TAX BULLETIN NO. 169 SEPTEMBER 2015 New Exclusion for Improvements to Residential and Commercial Real Property Christopher B. McLaughlin For years, home builders have been pushing to exempt their

More information

Military Personnel. What s new for 2009? Military subtraction - qualifying service. Determining residency. www.taxes.state.mn.us

Military Personnel. What s new for 2009? Military subtraction - qualifying service. Determining residency. www.taxes.state.mn.us www.taxes.state.mn.us Military Personnel 5 Income Tax Fact Sheet 5 Minnesota forms you may need: M1, M1C, M1CD, M1CR, M1ED, M1LTI, M1M, M1NR, M1PR, M1WFC, M1X, M14, M99, M23 Fact Sheet Military personnel

More information

ASSEMBLY, No. 441 STATE OF NEW JERSEY. 211th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 2004 SESSION

ASSEMBLY, No. 441 STATE OF NEW JERSEY. 211th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 2004 SESSION ASSEMBLY, No. STATE OF NEW JERSEY th LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 00 SESSION Sponsored by: Assemblyman ANTHONY IMPREVEDUTO District (Bergen and Hudson) Assemblyman NEIL M. COHEN District

More information

Tax Relief and Abatement Standards of Practice

Tax Relief and Abatement Standards of Practice Tax Relief and Abatement Standards of Practice 3 Utah State Tax Commission Property Tax Division Rev. May 2014 Table of Contents Standard 3 Tax Relief and Abatement Section III.I 1 General Information

More information

DICKENS COUNTY APPRAISAL DISTRICT 2015 LOCAL REPORT

DICKENS COUNTY APPRAISAL DISTRICT 2015 LOCAL REPORT DICKENS COUNTY APPRAISAL DISTRICT 2015 LOCAL REPORT ORGANIZATION OF DICKENS COUNTY APPRAISAL DISTRICT Jurisdictions (Taxing Units) Dickens County Spur ISD Patton Springs ISD City of Dickens City of Spur

More information

2015 Election to Claim the Qualified Small M706Q Business and Farm Property Deduction

2015 Election to Claim the Qualified Small M706Q Business and Farm Property Deduction 2015 Election to Claim the Qualified Small M706Q Business and Farm Property Deduction To be completed by the executor of the estate with a date of death after June 30, 2011, and qualified heirs. Decedent

More information

Taxpayers Rights, Remedies and Responsibilities

Taxpayers Rights, Remedies and Responsibilities Susan Combs Texas Comptroller of Public Accounts Taxpayers Rights, Remedies and Responsibilities Texas Property Taxes The Basics The property tax is the largest funding source for local services in Texas.

More information

Minnetonka Independent School District 276 Levy Adoption Taxes Payable in 2012

Minnetonka Independent School District 276 Levy Adoption Taxes Payable in 2012 Minnetonka Independent School District 276 Levy Adoption Taxes Payable in 2012 Public Schools Established by Minnesota Constitution ARTICLE XIII MISCELLANEOUS SUBJECTS Section 1. UNIFORM SYSTEM OF PUBLIC

More information

Frequently Asked Questions About Virginia s Use Value Assessment Program

Frequently Asked Questions About Virginia s Use Value Assessment Program Publication EC-39P Frequently sked uestions bout Virginia s Use Value ssessment Program Frances S. Dowd, Research ssistant, gricultural and pplied Economics, Virginia Tech Franklin. Bruce Jr., Senior Project

More information

The Property Tax in Missouri

The Property Tax in Missouri The Property Tax in Missouri This brochure is designed to give taxpayers an understanding of the way property taxes are assessed and levied in Missouri, and how they affect individual taxpayers. A separate

More information

Retirement Facts 10. Voluntary Contributions Under the Civil Service Retirement System

Retirement Facts 10. Voluntary Contributions Under the Civil Service Retirement System Retirement Facts 10 Voluntary Under the Civil Service Retirement System This is a non-technical summary of the laws and regulations on the subject. It should not be relied upon as a sole source of information.

More information

Assessor Ken Yazel. Ad Valorem Property Taxes In Tulsa County, OK. Prepared by the Tulsa County Assessor s Office

Assessor Ken Yazel. Ad Valorem Property Taxes In Tulsa County, OK. Prepared by the Tulsa County Assessor s Office Assessor Ken Yazel Ad Valorem Property Taxes In Tulsa County, OK Prepared by the Tulsa County Assessor s Office Tulsa County Assessor s Office Our Commitment Ken Yazel, Assessor The Tulsa County Assessor

More information

Title 36: TAXATION. Maine Revised Statutes. Chapter 907: MAINE RESIDENTS PROPERTY TAX PROGRAM HEADING: PL 1989, c. 534, Pt.

Title 36: TAXATION. Maine Revised Statutes. Chapter 907: MAINE RESIDENTS PROPERTY TAX PROGRAM HEADING: PL 1989, c. 534, Pt. Maine Revised Statutes Title 36: TAXATION Chapter 907: MAINE RESIDENTS PROPERTY TAX PROGRAM HEADING: PL 1989, c. 534, Pt. A, 1 (rpr) 6201. DEFINITIONS As used in this chapter, unless the context otherwise

More information