The Weekly Ledger: Senior and Disabled Property Tax Exemptions
The latest Accounting & Tax News! by Mike Wittenberg
Posted Feb 13
If you are at least 61 years of age, and/or disabled, you may be eligible for a partial or total exemption of the property taxes on your primary residence. Applicants must be at
least 61 years of age, with gross household income of less than $35,000, or unable to work due to a disability, by the end of the year in which the application is made. The exemption program is managed by the State of WA’s Department of Revenue, however each county processes the required exemption application for its local citizens. Exemption levels depend on the applicant’s income, for example a taxpayer with gross income of between $30,000 to $35,000 is only exempt from “excess levies”, a taxpayer with gross income of between $25,000 and $30,000 receives a phase out exemption of property taxes assessed on the greater of $50,000, or 35% of their property’s valuation, not to exceed $70,000, plus an exemption from “excess levies”, and a taxpayer with gross income under $25,000 is exempt from property taxes, on the greater of $60,000 or 60% of their property’s valuation, plus 100% of excess levies. For additional information, or to apply for the exemption, contact the Mason County Assessor’s exemption clerk at 427-9640 Ext 499.
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