career influencer, investigator, legal researcher and advisor to business and non profit start ups.
Monday, July 16, 2007
Reducing local government greed
Write the Governor and tell him you want these exemptions now, if you did not sign up in time.
(Up to $45,000) Homestead Deductions - Must reside on the property and own by March 1, 2007. Exemption amount dependent on assessment. Will also receive a percentage credit on gross taxes. (Percentage varies from year to year.)
$3,000) Mortgage Exemption - Must own as of March 1, if you re-finance, you must refile. Mortgage must be recorded before filing for exemption.
$12,480) Over 65 Exemption - Must be over 65 years of age by December 31 of the year preceding filing for application; was the owner or contract buyer of the property for at least one year prior to claiming the deduction,and total adjusted gross income less than $25,000, when combined with that of his or her spouse and any individual with whom he or she shares ownership; reside on property. Assessed value on residential property not to exceed $144,000.
$12,480) Blind or Disabled - Taxable gross income under $17,000; proof of blindness or disability; reside on property.
$12,480) Veterans Disability and World War I
$18,720) and Spouses Exemptions - vary in
$24,960) eligibility; ask about them
Tell a friend.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment