SCHE
Senior Citizen Homeowners' Exemption
In short
Reduces assessed value 5%-50% depending on income. All owners 65+ (spouse/sibling exception), primary residence 1-3 family, co-op or condo; owned 12+ months.
Why it matters
Cuts property tax for low-income senior homeowners. Yearly renewal paperwork.
- What you get
- Reduces assessed value 5%-50% depending on income.
- Who qualifies
- All owners 65+ (spouse/sibling exception), primary residence 1-3 family, co-op or condo; owned 12+ months.
- Income limit (2026)
- Up to $58,399 combined household income (50% reduction at <= $50,000).
- Papers to gather
- Proof of age, income docs/tax returns of owners/spouses, deed.
- Renewal
- Renew every 2 years (DOF).
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