Property Tax Relief in the USA
Mar 24, 2013 — Property Tax Relief
Property taxes can be especially difficult for retirees with low incomes and high housing costs. Fortunately, all 50 states offer some type of property tax relief program. Most states also have special exemptions for senior residents over a certain age and who meet income requirements.
Nevada, another popular retirement destination, gets an honorable mention for property taxes. This is because Nevada’s property tax is based on a mere 35% of the fair market value of the property, while most states use 100% of fair market value.
In addition, those over 62 who meet income limits can receive a rebate of up to 90% of their property taxes.