This exemption lowers the equalized assessed value of your property by $5,000. The exemption may be claimed in addition to the General Homestead Exemption.
The Senior Freeze provides seniors with limited income protection against real estate tax increases due to rising property values. It is not a tax freeze or a tax reduction and does not protect against increased taxes due to tax rate increases.
The Senior Citizen Tax Deferral is a program that allows qualified senior citizens to defer part or all of the property taxes on their personal residence.