State Homestead / Circuit Breaker Tax Relief Programs, 2006

Transcription

1 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 Age 66 or older; no Age 66 or older OR totally and permanently disabled OR legally blind; all with AGI of $11,999 or less (state) $2,000 AV (local) (state) $5,000 AV (local) All of the exemptions listed for Alabama are limited to property sizes of 160 acres or less permanently disabled; both with net taxable income of $7,499 or less (state and local) Alaska Deaf mute OR incompetent veteran; no Age 65 or older OR disabled veteran OR surviving spouse aged 60 or over whose deceased spouse qualified for the exemption; no Age 65 or older OR Social Security recipient; both with total household income of $3,750 or less (1-person household) or $5,500 or less (2- person household) $3,000 AV (state only) $150,000 AV $502 Municipalities offer additional exemptions to the elderly, veterans, and persons who provide volunteer firefighting or EMS services Arizona Honorably discharged veteran; no OR disabled with household income of $25,000 or less (w/o minor children) or $30,000 or less (w/ minor children) OR surviving spouse of such a person or veteran with a household income of $25,000 or less (w/o minor children) or $30,000 or less (w/ minor children) 36% of the primary school tax payment, not to exceed $520 $3,000 Veteran with a service-connected disability of more than 60% OR veteran with a non-serviceconnected disability that is total and permanent; no $6,000 Deferment Age 70 or older with a total household taxable income of $10,000 or less Indefinite deferment of property tax payments for residences with an AV of $150,000 or less Claimant must have occupied the homestead for 6 years and been a resident of Alabama for 10 years

2 $300 Arkansas Veteran who is blind in one or both eyes, has lost or has lost the use of one or both limbs, or is totally and permanently disabled OR the unremarried surviving spouse of such a veteran or any veteran who is missing in action or was killed in action; no Age 65 or older; no $20,000 AV Age 62 or older OR blind OR disabled; all with total household income of $40,811 or less $7,000 AV $ Limited or indefinite deferment of property tax payments for certain individuals under certain circumstances are also available California Serviceperson OR exserviceperson OR unremarried surviving spouse of a deceased veteran OR parent of a deceased veteran if a pension is received because of the veteran's service $1,000 Limited to property AV of $5,000 or less (single serviceperson) or $10,000 or less (married serviceperson or unremarried surviving spouse) Veteran who is blind or has lost the use of two or more limbs; no $100,000 AV Veteran who is blind or has lost the use of two or more limbs OR totally disabled veteran; both with an income of $46,302 or less $150,000 AV Age 62 or older and disabled with income at or below 150% of the level set for classifying low-income individuals Colorado Age 65 or older OR surviving spouse; no 50% of the property taxes paid on the first $200,000 AV Must be a resident of Colorado for at least 10 years Age 65 or older OR disabled OR surviving spouse age 58 or older; all with total income of $11,000 or less (single) or $14,700 or less (married) $600

3 All ages with AGI of $55,000 or less (single) or $100,500 or less (married-joint) or $78,500 or less (head of household) $500 Connecticut Age 65 or older OR surviving spouse age 50 or older whose deceased spouse was eligible for the exemption OR totally and permanently disabled; all with AGI of 16,200 or less (single) or $20,000 or less (married) $1,000 AV (single) $1,250 AV (married) Veteran OR serviceperson OR unremarried surviving spouse, minor child, or parent of a veteran; no $1,000 Blind OR pensioned/disabled war veteran OR unremarried surviving spouse of a deceased veteran OR minor child of a deceased serviceperson; no Delaware N/A N/A N/A N/A All ages with gross household income of $20,000 or less $3,000 $750 The state of Delaware does not levy property taxes - owners age 65 or older can receive a credit of up to $500 against their municipal property taxes District of Columbia All ages with total household income equal to or less than 50% of the area median income First-time homebuyer with total income of $70,000 or less (single) or $110,000 or less (married-joint) The amount of any increase in property tax over a one-year period that exceeds 105% of the prior year's tax liability (no max) $5,000 Claimant must have owned and occupied the property for a least 7 years s over listed caps are eligible for partial credits permanently disabled; all with total household AGI of $99,999 or less $60,000 AV

4 $25,000 AV Age 65 or older with an income of $25,000 or less $50,000 AV Surviving spouse OR blind OR totally and permanently disabled; no $25,000 AV + $500 Florida Veteran with a disability of 10% or more OR surviving spouse if married to a veteran for at least 5 years at the time of death; no $30,000 AV Honorably discharged veteran with a service-connected total and permanent disability who is confined to a wheelchair OR unremarried surviving spouse of such a veteran OR all other totally and permanently disabled individuals confined to a wheelchair OR blind; all with income of $14,500 or less $2,000 AV Age 65 or older with total income (individual and spouse) of $10,000 or less (excluding OASD benefits) $4,000 AV Georgia Age 62 or older with total gross income of $9,999 or less $10,000 AV Claimant must reside in an independent school district or a county school district Disabled veteran OR surviving spouse of a deceased disabled veteran or a veteran killed in action OR minor child of a deceased disabled veteran; no $50,000 AV All ages; AV of property is $20,000 or less; no All ages; AV of property is more than $20,000; no incom limits $20,000 AV Age 60-70; no $40,000 AV Hawaii Age 70 or older; no $50,000 AV Totally disabled veteran; no Hansen's disease sufferer OR impaired vision/hearing OR totally disabled; no $25,000 AV

5 Idaho Age 65 or older OR disabled and receiving federal, Civil Service, or Railroad Retirement Act disability insurance benefits OR disabled/pensioned veteran OR person entitled to prisoner-of-war benefits OR blind OR surviving spouse of any of the above OR motherless / fatherless minor child; all with income of $18,920 or less $1,100 5% of real property taxes paid during the year Age 65 or older; no $3,000 AV Illinois Age 65 or older OR disabled with income of $21,217 or less (1- person household) or $28,480 or less (2-person household) or $35,739 or less (3-person household) Amount of property taxes that exceeded 3.5% of income Disabled veteran OR spouse of such a veteran OR unremarried surviving spouse of a deceased veteran; no $70,000 AV Homestead must have been adapted for the disabled veteran using federal funds Deduction Person renting his or her principal place of residence; no income limits $2,500 Lake County homeowner with earned income of $18,599 or less $300 Cannot be combined with the $2,500 deduction 20% of the property tax Indiana Age 65 or older with combined AGI of $25,000 or less OR unremarried surviving spouse age 60 or older with combined AGI of $25,000 or less OR blind with taxable gross income of $17,000 or less OR disabled with taxable gross income of $17,000 or less OR totally and permanently disabled veteran OR surviving spouse of such a veteran OR veteran 62 or older with at least a 10% disability $12,480 AV AV of property cannot exceed $113,000 to qualify Veteran of WWI OR surviving spouse of such a veteran; no $18,720 AV AV of property cannot exceed $163,000 to qualify Veteran with a service-connected disability of 10% or more; no $24,960 AV

6 Amount of property tax paid on the first $4,850 AV Iowa Disabled veteran with household income of $35,000 or less Age 65 or older OR totally disabled; both with income of $17,589 or less 100% of property taxes paid $1,000 may also be available to unremarried surviving spouses of deceased disabled veterans Kansas Veteran OR surviving spouse of a veteran OR surviving widowed parent of a veteran OR minor child of a veteran; no Age 55 or older OR blind OR disabled OR has a dependent child who lived in the residence for the full year and who was claimed as an exemption; all with total household income of $27,000 or less $2,778 of taxable value $600 may be lower if the veteran was honorably separated, retired, furloughed to a reserve, placed on inactive status, or discharged Kentucky Age 65 or older OR totally disabled; no $29,400 AV Louisiana $7,500 AV may elect to waive the homestead exemption and, instead, receive a sales and use tax credit. The amount of the credit is equal to the lesser of the total local sales and use taxes paid by the homeowner or the amount of extra property tax the homeowner paid because of the waiver of the homestead exemption

7 All ages with income of $25,700 or less (1-person household) or $40,000 or less (2-person household) $1,000 All ages with income of $77,000 or less (single) or $102,000 or less (married) and property tax paid was more than 4% of income $2,000 Maine Age 62 or older OR single person aged 55 or older receiving federal disability payments OR married persons aged 55 or older with both spouses receiving federal disability payments; all with total household income of $7,400 or less (1-person household) or $9,200 or less (2- person household) $400 "Aged" or disabled veteran OR unremarried surviving spouse, mother, or minor child of such a veteran; no Blind; no Paraplegic veteran OR unremarried surviving spouse of a paraplegic veteran; no income limits $5,000 AV $4,000 AV $47,500 AV If veteran served before or during WWI, the exemption is increased to $7,000 AV Homestead must be specially-adapted to serve the disability All ages with net worth of $200,000 or less Amount of the reassessed property tax exceeding 10% over the previous year AV of property must be $150,000 or less to qualify Maryland Veteran who is totally and permanently disabled OR unremarried surviving spouse of such a veteran Blind OR unremarried surviving spouse of a blind person $6,000 AV

8 All ages with gross household income of $45,000 or less (single), $56,000 or less (head of household) or $67,000 or less (married-joint) OR age 65 or older; no $840 AV of property must be less than $600,000 to qualify Age 70 or older OR surviving spouse OR minor child whose parent is deceased $2,000 AV or $175 (whichever is greater) AV of property cannot exceed $20,000 and property must be owned and occupied by the claimant for no fewer than 10 years Massachusetts Age 70 or older with total income of $6,000 or less (single) or $7,000 or less (married) Veteran OR spouse of a veteran OR unremarried surviving spouse of a deceased veteran OR parent of a deceased veteran $4,000 AV or $500 (whichever is greater) $2,000-$8,000 AV or $250-$950, whichever is greater; the actual amount is based on the veteran's duty and disability status Claimant must be a resident of Massachusetts for no fewer than 10 years and the property must be owned and occupied by the claimant for no fewer than 5 years s are based on a variety of factors including years of military service, type and extent of disability, and the receipt of any military service award (e.g. Purple Heart) All ages with total household income of $82,650 or less $1,200 permanently disabled OR deaf; no 100% of the property tax in excess of a percentage of household income Michigan Serviceperson OR veteran OR surviving spouse of a veteran; all with income of $7,500 or less able value allowance divided by the taxable value of the property Blind 100% of the property tax if the taxable value of the property is $3,500 or less OR the percentage that $3,500 bears to the value of the homestead if the taxable value of the property is over $3,500 Minnesota All ages with total household income of $87,780 or less (no dependents) or $106,980 or less (up to 5 dependents) $1,640 Veteran who received the Congressional Medal of Honor; no $2,000

9 Mississippi Age 65 or older OR totally disabled; no permanently disabled OR age 60 or older and receiving surviving spouse Social Security benefits; all with income of $25,000 or less (single) or $27,000 or less (married-joint) $7,500 AV $15,000 AV $750 Effective 1/1/06 through 12/31/07, the homestead exemption will apply for two years after Hurricane Katrina in the case of dwellings located within the Presidentiallydeclared disaster area that were destroyed / demolished / under repair as a result of the hurricane to such an extent that the household is forced to reside elsewhere Missouri Age 65 or older OR disabled; both with income less than $70,000 (single or married) $750 is only available if the increase in the individual's property tax exceeds 5% in an assessment year or 2.5% in a non-assessment year All ages with income of $18,817 or less (single) or $24,249 or less (married) OR age 62 or older with gross household income of $44,999 or less $1,000 Montana Totally disabled veteran with AGI of $30,000 or less (single) or $36,000 or less (married) OR unremarried surviving spouse of a deceased veteran killed in active duty or a deceased disabled veteran with AGI of $25,000 or less (incremental adjustments are available for AGIs above the 100% exemption cap, but less than $39,000 (single veteran) or $45,000 (married veteran) or less than $34,000 (single surviving spouse)

10 Age 65 or older with income of $28,200 or less (single) or $33,250 or less (married) $40,000 AV or 80% of the average AV of single family residential homes in the claimant's county, whichever is greater AV of property must be less than $95,000 to qualify Nebraska Confined to a wheelchair OR have lost both arms above the elbow OR have a permanent partial disability over 75% in the arms OR totally and permanently disabled war veteran (service or nonservice connected) OR surviving spouse of a totally disabled veteran or veteran who was killed in action; all with income of 31,000 or less (single) or 35,800 or less (married) $50,000 AV or 100% of the average AV of single family residential homes in the claimant's county, whichever is greater AV of property must be less than $110,000 to qualify Paraplegic or multiple amputee veteran whose home is substantially contributed to by the Department of Veterans Affairs; no Age 62 or older with total household income of $24,016 or less $500 Widow OR orphaned child; no $1,000 AV Blind; no $3,000 AV Active serviceperson OR serviceperson who served during a time of war; no $2,000 AV Nevada Veteran with a total and permanent service-connected disability OR surviving spouse of such a veteran; no $20,000 AV Veteran with a permanent disability between 80% and 99% OR surviving spouse of such a veteran; no $15,000 AV Veteran with a permanent disability between 60% and 79% OR surviving spouse of such a veteran; no $10,000 AV

11 Veteran with a total and permanent service-connected disability OR surviving spouse of such a veteran; no applies only if the homestead is specially adapted to support the disability New Hampshire Veteran OR surviving spouse of a serviceperson or veteran who suffered a service-connected death; no $50 Municipalities can increase the credit to a max of $500 Blind; no OR deaf with a net income of $13,400 or less (single) or $20,400 or less (married) $15,000 AV Deduction Amount of property taxes paid up to $10,000 $50 Deduction cannot be combined with the credit described below Veteran with a total and permanent service-connected disability OR surviving spouse of such a veteran New Jersey Veteran honorably discharged or released from service during a time of war OR surviving spouse of such a veteran OR age 65 or older with income of $10,000 or less OR under 65, but totally and permanently disabled with income of $10,000 or less $250 All ages with income of $200,000 or less $385 Age 65 or older OR blind OR disabled; all with income of $200,000 or less $1,320 Age 65 or older with modified gross income of $16,000 or less $125 (single) $250 (married-joint) ; must be the head of a family $2,000 AV New Mexico Veteran OR unremarried surviving spouse of a veteran; no income limits $4,000 AV Veteran who is totally and permanently disabled OR surviving spouse of such a veteran; no

12 New York All ages with total gross household income of $18,000 or less Veteran OR spouse of a veteran OR surviving spouse of a deceased veteran $75 (under age 65) $375 (age 65 or older) $5,000 AV Municipalities offer additional exemptions to qualifying veterans and persons age 65 or older Homestead must have been purchased with funds granted by the US or New York for military service in order to qualify North Carolina permanently disabled; both with income of $19,700 or less $20,000 or 50% of AV, whichever is greater Disabled veteran; no $38,000 AV permanently disabled; both with total household income of $14,500 or less $3,038 North Dakota Ohio Paraplegic person or paraplegic veteran OR unremarried surviving spouse of such a person or veteran OR veteran with a serviceconnected disability of 50% or more OR unremarried surviving spouse of such a veteran OR veteran awarded specially-adapted housing by the Department of Veterans Affairs OR unremarried surviving spouse of such a veteran; all with total household income of $14,500 or less permanently disabled; both with AGI of $25,400 or less Age 65 or older OR disabled; both with gross household income of $12,000 or less $5,400 AV $200 Oklahoma $1,000 AV All ages with gross income of $20,000 or less; must be the head of household $2,000 AV

13 Oregon War veteran with a disability of 40% or more as determined by the Department of Veterans Affairs; no OR war veteran with a disability of 40% or more as determined by a physician and a gross income below 185% of the federal poverty level OR unremarried surviving spouse of such war veterans; no income limits War veteran with a serviceconnected disability of 40% or more OR surviving spouse of such a war veteran; no $15,000 AV $18,000 AV Deferral and property-tax work-off programs are available for seniors Active member of the Oregon National Guard or Reserve; no $60,000 AV Pennsylvania Age 65 or older OR surviving spouse aged 50 or over OR permanently disabled; all with total household income of $15,000 or less $500 Veteran with a service-connected total and permanent disability OR unremarried surviving spouse of such a veteran; no Age 65 or older OR disabled; both with income of $30,000 or less $250 Surviving spouse age 65 or older with AGI of $24,999 or less $500 Rhode Island Veteran OR unremarried spouse of a veteran; no $1,000 Municipalities offer additional exemptions Parent whose son or daughter served in the military and died in a war casualty; no $3,000 Municipalities offer additional exemptions Blind; no $6,000 Municipalities offer additional exemptions

14 permanently disabled OR blind; no $50,000 of fair market value South Carolina Veteran who has a serviceconnected total and permanent disability OR unremarried surviving spouse of such a veteran OR unremarried surviving spouse of a law officer who was killed in action OR Medal of Honor recipient OR unremarried surviving spouse of such a person OR prisoner of war in Korea, Vietnam, WWI, or WWII OR unremarried surviving spouse of such a person OR paraplegic/hemiplegic OR unremarried surviving spouse of such a person; all with no income limits Exempt up to one acre only Age 65 or older OR disabled; both with household income of $10,000 or less (single) or $13,000 or less (multiple-member household) 35% of property taxes (single) 55% of property taxes (multiple members) Claimant must have owned the property for at least 3 years or resided in South Dakota for at least 5 years South Dakota Paraplegic OR person who lost or lost the use of both legs; both with household income of $5,000 or less (single) or $9,000 or less (multiple-member household) must be specially-adapted to support the disability in order to qualify. Partial exemptions are also offered to qualified individuals with household income between $5,001-$8,000 (single) or between $9,001-$12,000 (multiple members) Tennessee permanently disabled; both with income of $12,980 or less Veteran with a service-connected total and permanent disability OR unremarried surviving spouse of such a veteran; no taxes due on the first $18,000 of full market value taxes due on the first $150,000 of full market value Municipalities offer additional refunds to qualified persons age 65 or older, qualified disabled veterans, and qualified totally and permanently disabled persons

15 $3,000 AV (local taxes) Municipalities may increase the exemption up to $5,000 AV (local taxes) for persons age 65 or older and disabled persons $15,000 AV (school taxes) Age 65 or older OR disabled OR surviving spouse age 55 or older; no $25,000 AV (school taxes) Texas Veteran with a 10%-30% disability; no $1,500 AV Veteran with a 31%-50% disability; no $2,000 AV Veteran with a 51%-70% disability; no $2,500 AV Veteran with a 71%-100% disability OR veteran aged 65 or older with at least a 10% disability; no $3,000 AV Age 65 or older or unremarried surviving spouse regardless of age; both with household income of $25,369 or less $676 Utah Veteran with a service-connected disability of 10% or more OR veteran killed in action or in the line of duty OR unremarried surviving spouse or minor orphan of a qualifying veteran $200,000 exemption is for a veteran killed in action or a totally and permanently disabled veteran; the exemption for a disabled veteran equals his or her disability rating multiplied by $200,000 Blind OR unremarried surviving spouse or minor orphan of a blind person $11,500 of taxable value

16 Age 62 or older with income of $47,000 or less $1,500 Vermont War veteran OR veteran who has received the American Expeditionary Medal OR spouse, unremarried surviving spouse or child of such veterans if the veteran is or was receiving compensation for at least 50% disability, death, or dependency and indemnity, or pension for disability through the Department of Veterans Affairs $10,000 AV Virginia The state of Virginia does not levy property taxes - owners age 65 or older OR the totally and permanently disabled; both with income of $50,000 or less are eligible to receive an exemption of up to $10,000 AV against their municipal property taxes Age 61 or older OR person who has retired due to a disability OR surviving spouse of such persons age 57 or older OR veteran with a service-connected total and permanent disability; all with combined disposable income of $25,001 to $30,000 $50,000 AV Washington Same qualified individuals as above with income of $25,000 or less Unremarried surviving spouse age 62 or older or retired due to disability of a veteran who was disabled or killed during active duty with disposable income of $35,001 to $40,000 $60,000 AV $50,000 AV All of the listed exemptions are for properties up to one acre only Same qualified individual as above with income of $30,001-$35,000 $75,000 AV Same qualified individual as above with income of $30,000 or less $100,000 AV

17 Low-income senior citizen OR lowincome disabled $10,000 AV West Virginia Age 65 or older with income of gross household income of $5,000 or less $125 permanently disabled; no income limits $20,000 AV Claimant must be a resident of West Virginia for 2 consecutive years in order to qualify Wisconsin All ages with household income of $25,000 or less $1,160 Honorably discharged veteran who has received a US service medal in any armed conflict OR the unmarried surviving spouse of such a veteran; no $800 Claimant must be a resident of Wyoming for 3 years in order to qualify Wyoming Veteran with a service-connected disability OR veteran who has been granted individual unemployability status by the Department of Veterans Affairs; no $800 + ($2,000 AV multiplied by the disability rating) Age 65 or older with income of $13,499 or less (single) or $21,999 or less (married) $800 (single) $900 (married) Source: CCH Research NetWork and individual state property tax codes