Elderly Exemptions

Current Exemption Amounts

  • Age 65-74: $175,000 property value reduction
  • Age 75-79: $225,000 property value reduction
  • Age 80+: $300,000 property value reduction
  • Current Assets Limit: $162,300      
  • Current Income Limit: $48,400 (Single); $59,500 (Married)

New Applications must be submitted between January 1st and April 15th.