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2007 SESSION

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HB 2283 Real estate tax; deferral of tax for certain elderly and disabled.

Introduced by: Vivian E. Watts | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Real property tax; deferral of tax for certain elderly and disabled.  Creates a formula for determining net financial worth with regard to deferring or exempting real estate tax for elderly and disabled in certain localities. The net combined financial worth is to be determined as the portion of net combined financial worth equal to the percentage of total combined income derived from pension or social security income.


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