Depending on the state, property taxes are waived after a certain age. My mom's parents were property tax free before they died, and now so is my mom but only because she reached the age limit (65 I think in VA).
You have to be under a certain household income here in TN to qualify for partial reduction. I check with them every year. They increased my property valuation last year but luckily it didn't go up too much. Still a bargain here compared to other states. But as you age and your income goes down it becomes a hardship.
Depending on the state, property taxes are waived after a certain age. My mom's parents were property tax free before they died, and now so is my mom but only because she reached the age limit (65 I think in VA).
"Depending on the state, property taxes are waived after a certain age."
Maybe in some states. But I'm 76, and still paying.
You have to be under a certain household income here in TN to qualify for partial reduction. I check with them every year. They increased my property valuation last year but luckily it didn't go up too much. Still a bargain here compared to other states. But as you age and your income goes down it becomes a hardship.