March 23, 2017

New Property Tax Credit for Longtime Homeowners and Military Retirees 65 years and Older

Longtime property owners and military retirees 65 years and older may be eligible for a break on their property tax. The new property tax credit provided in recently enacted Bill 42-16 provides a tax credit to people over 65 years of age who have lived and owned a dwelling for at least 40 consecutive years, or are retired from one of the U.S. Armed Forces.

This bill, passed by County Council, provides a 20 percent credit on County property taxes for owner-occupied dwellings for which at least one of the owners meets the stated eligibility requirements. For more information

2 comments:

  1. Does the tax credit apply to retired Dept of Navy civilian employees?

    ReplyDelete
  2. Thank you for your question. The tax credit does not apply to civilian employees.

    ReplyDelete

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