Property tax relief for seniors
Did you know that the District of Columbia provides a substantial discount on real estate property taxes for seniors?
If eligible, a senior can save 50% on his or her property tax bill. Further, the threshold for the income level was raised to its current level on October 1, 2013 (previously the threshold was $100,000), so some seniors who were unable to qualify previously might want to take another look at their eligibility.
To be eligible:
- At least one owner of the property must be 65 of older;
- The total household adjusted gross income must be less than $125,000; and
- The senior must have at least 50% ownership of the property to qualify.
Failure to do so could result in the DC Office of Tax and Revenue applying penalties and interest.
The Senior Citizen Tax Relief application can be found the DC Office of Tax and Revenue website.