![]() Manufactured homes: Manufactured homes on leased land can qualify for the senior citizens exemption. The exemption also may be allowed if the property is in trust and all the trustees or all the beneficiaries qualify. Life estates or trusts: the life tenant is entitled to possession and use of the property for the duration of his or her life and is deemed the owner for all purposes, including taxation. If granted, you would receive adjustments to your monthly maintenance fees to reflect the benefit of that exemption. You can prove ownership by submitting to the assessor a certified copy of the deed, mortgage, or other instrument by which you became owner of the property.Ĭooperative apartments: municipalities are authorized to grant the exemption to seniors who own shares in residential cooperatives.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |