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Jasper, we already have a property tax program for seniors and one for low-income people, and I think they can be combined. For seniors, property tax is halved. For lower-income folks, up to a 5% increase in property taxes can be claimed back as an income tax credit (which I think, if I'm recalling correctly, is refundable). Combine that with the cap of a 10% year-to-year increase, and seniors may pay no additional property taxes year-to-year. The only question I have is do people know about these programs and use them?

by Ms. D on Feb 14, 2013 1:30 pm • linkreport

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