Senior and disabled homeowners exemption

From the 2024 DOR Tax Exemption Study

84.36.381 - Senior and disabled homeowners exemption Description An exemption from property tax applies to retired senior citizens (aged 61 or more), disabled homeowners, and veterans entitled to and receiving compensation from the U.S. Department of Veterans Affairs. The income thresholds necessary to qualify in the exemption program are as follows: - Income threshold 1 is the greater of $30,000, or 50% of the median household income for the county. - Income threshold 2 is the greater of $35,000, or 60% of the median household income for the county. - Income threshold 3 is the greater of $40,000, or 70% of the median household income for the county. The valuation of qualified homeowners remains unchanged as of January 1, 1995, or January 1 of the first assessment year, the homeowner qualifies for the property tax exemption. To qualify for the valuation freeze, homeowners must have household income equal to or less than Income threshold level 1. Income thresholds are based on a percentage of the county’s median household income and adjusted every three years. Any surviving spouse, surviving domestic partner, heir, or devisee of a person who was receiving an exemption at the time of