December 3, 2010
Senior Citizen Update:
Potential Tax Saving Information for Seniors
SENIOR CITIZEN PROPERTY TAX EXEMPTION
Senior citizen homeowners in Nassau County whose incomes fall within certain guidelines are eligible to receive an exemption on their real property taxes. In order to participate in the exemption program, at least one property owner must be 65 years of age or older and the combined total gross income of property owners must fall within the required guidelines. Renewal applications have been sent to residents already receiving Senior Citizen Property Tax Exemptions. Certain unreimbursed medical expenses may be used to lower the gross annual income, which in turn adjusts your income level for eligibility.
The filing period for this exemption runs through January 3, 2011. The income limits and corresponding exemptions are shown below:
ANNUAL GROSS INCOME |
PERCENTAGE OF PROPERTY TAX EXEMPTION |
Up to and including $29,000 |
50% |
At Least $29,001 but less than $30,000 |
45% |
At Least $30,000 but less than $31,000 |
40% |
At Least $31,000 but less than $32,000 |
35% |
At Least $32,000 but less than $32,900 |
30% |
At Least $32,900 but less than $33,800 |
25% |
At Least $33,800 but less than $34,700 |
20% |
At Least $34,700 but less than $35,600 |
15% |
At Least $35,600 but less than $36,500 |
10% |
At Least $36,500 but less than $37,400 |
5% |
ENHANCED STAR SCHOOL TAX EXEMPTION
Senior homeowners 65 years of age and over are reminded that, even if their incomes are higher than the above table, they may still be eligible to receive the Enhanced STAR exemption if their annual adjusted gross incomes are under $79,050.
If you believe you may be eligible for either of these exemptions and would like an application, please call:
The Nassau County Department of Assessment
516-571-1500
