This program is available to citizens who are at least 61 years old on December 31 of the year they apply or retired from regular gainful employment by reason of a disability, with an income of $45,708 or less. Exemptions must be renewed once every six years unless there is a change in status or income. Proof of income is required in addition to the information requested on the application form. Proof of disability is also required.
The exemption freezes the value of the residence as of January 1 of the initial application year, exempts all excess levies and may exempt a portion of regular levies. The Assessor-Treasurer will continue to establish the market value of the property on an annual basis. Your taxes will be calculated on the lesser of market value or frozen value.