Government
How to Get Exemptions on Property Taxes or Defer Property Tax Payments
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Property taxes are on the rise, but there are ways for certain groups to cut their tax bills or for seniors to defer payment in an effort to keep them in their homes. Last week, the same night that the Town Council approved the Property Tax rates for Fiscal 2017, which will be rising, they approved programs to match the state’s property tax exemptions and to allow seniors to defer part or all of their property tax bills. Town Treasurer/Collector Joseph DiVito said he has heard from residents struggling to pay for the tax hikes. “After meeting with several constituents, elders, who want to stay in their homes, one of their responses is that they are being taxed out of their homes,” DiVito said. The Council voted to increase the maximum gross receipts residents are allowed to have and still qualify for the tax deferment program, from $40,000 to $57,000 for a single person over 65 years of age living in their own home.