Tax Exemptions

Do the elderly, disabled or disabled veterans receive any discounts or exemptions?

Yes.  Two tax assistance programs are available – the Property Tax Relief Program and the Property Tax Freeze Program. Please read below regarding these programs.

A.  Property Tax Relief Program:

Eligibility requirements for the Property Tax Relief Program include age/disability, ownership/residency, and income (except totally disabled veterans and their eligible surviving spouse) – see below for additional information regarding the Property Tax Relief Program. Reimbursements for the property taxes of qualified low-income homeowners who are elderly or disabled are provided by the state of Tennessee.

Age/Disability

During the tax year for which they are applying, an applicant must turn 65 on or before December 31st.

In order to apply as a disabled homeowner, a person must have become disabled on or before December 31st of the tax year.  An applicant may apply if they are awaiting a decision on their disability claim. The disability determination must indicate that their disability began on or before December 31st of the tax year.

Ownership/Residency

Qualifying taxable property must be the tax payer’s primary residence.  An applicant is required to document that they had ownership of the qualifying taxable property during the tax year. Ownership may be documented by a tax bill/receipt, warranty deed, probated will, title or bill of sale for a mobile home. 

Income - (Elderly or Disabled Homeowners)

The combined annual income from all sources of all the living owners of record is required and cannot exceed $29,180 for the year 2015 (or $2,431.67 per month). Annual income from all sources shall include, but is not limited to, Social Security payments after the Medicare deduction, supplemental security income, retirement and pension benefits, veteran's benefits, worker's compensation, unemployment compensation, salaries and wages, alimony, total interest and total dividends. For income from a business, include only the net income or loss after expenses.  The TaxRelief Program requires annual income verification from all sources.

Disabled Veterans

Disabled veterans must be totally disabled in order for the veteran or their surviving spouse to qualify for the Tax Relief Program. Tax relief is paid on the first $100,000 of the market value of the home.

Applications for Tax Relief Program are available in the Trustee's office. For more information, call our office at (865) 453-2767.

B.    Property Tax Freeze Program:

Eligibility requirements for the Property Tax Freeze Program include age, ownership/residency, and income – see below for additional information regarding the Property Tax Freeze Program.  If the Tax Freeze application is approved, the freeze will apply to the next tax year.

Age

During the tax year for which they are applying, an applicant must turn 65 on or before December 31st.

Ownership/Residency

Qualifying taxable property must be the tax payer’s primary residence.  An applicant is required to document that they had ownership of the qualifying taxable property during the tax year. Ownership may be documented by a tax bill/receipt, warranty deed, probated will, title or bill of sale for a mobile home. 

Income Requirement

The combined annual income from all sources of all the living owners of record is required and cannot exceed $37,320 for the year 2015  Annual income from all sources shall include, but is not limited to, Social Security payments after the Medicare deduction, supplemental security income, retirement and pension benefits, veteran's benefits, worker's compensation, unemployment compensation, salaries and wages, alimony, total interest and total dividends. For income from a business, include only the net income or loss after expenses.   The Property Tax Freeze Program requires annual income verification from all sources.

 

Applications for the Tax Freeze Program are available in the Trustee's office. For more information, call our office at (865) 453-2767.

 

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