States Propose Property Tax Relief for Seniors

Several states are proposing or enhancing property tax relief measures aimed at senior citizens amid rising tax burdens. Washington State's SB 5020 seeks to exempt residents aged 75 and older from all property taxes, countering proposed tax hikes that could disproportionately affect seniors on fixed incomes. In Maine, LD 7 proposes increasing the homestead exemption from $25,000 to $75,000 for seniors, addressing significant property tax increases seen recently. Cook County, Illinois, offers a deferral program allowing seniors aged 65 and older to postpone tax payments, which can help them remain in their homes. Additionally, Boone County, Missouri, is considering a special election to freeze property taxes for seniors over 62, responding to community petitions. South Dakota has launched an assessment freeze program for eligible seniors and disabled residents to prevent property tax increases on their homes.