Homeowners who are age 65 and older are eligible for an additional exemption on their home’s property assessment.
To be eligible for the new income based credit, taxpayers must have a homestead exemption on the property. The individual adjusted gross income may not exceed $30,000 or $40,000 for married couples. The assessed value of the home must be less than $160,000 and the taxpayer must be 65 before Dec. 31, 2008.
“In order to file for the credit, homeowners must bring a copy of their most recent IRS Form 1040 showing the AGI amount to the auditor’s office,” said Jackson County Auditor Debra Eggeman.
The deadline for filing for exemptions—such as Homestead, Mortgage, Age, and Veterans—to residential property assessments is Dec. 31, 2008.
For more information contact the auditor’s office at 358-6122.