Tax Credit Program Benefits Low-Income Senior Citizens - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Tax Credit Program Benefits Low-Income Senior Citizens

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The state tax commissioner says he plans to start promoting recent legislative changes to the Homestead Tax Credit Program. He says the changes allow more low-income senior citizens and people with disabilities to qualify for the credit.

It's available to homeowners who are 65 years of age or older, or who have a permanent disability. Qualified applicants receive a reduction in the property taxes on their primary residence.  

The program reduces a homeowner's taxable value by up to as much as 100 percent or a maximum reduction of $4,500 based on the homeowner's income.  The legislature expanded the top qualifying income from $26,000 to $42,000.  

"Even though the traditional June deadline for the homestead tax credit program has already passed, we want seniors and disabled persons who may not have qualified under the prior threshold or seniors and disabled persons who may not even know about the program, to find out more about it," says Tax Commissioner Cory Fong.

Applications are available on the tax departments website at www.nd.gov/tax.

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