Every state has its own rules regarding property taxes, with some being more tax-friendly to seniors than others. There are several tax relief programs for seniors in states all over the US, to ease the burden of paying. These programs range from hefty tax reductions, to homestead exemptions, property tax deferrals, and more.
Here are the states that offer the aforementioned tax breaks for seniors:
- South Carolina
- New York
- South Dakota
Some may find that these states may actually be great places to retire in. If you are looking for more retirement options, then you can consider some of these states for a change in pace and setting — without worrying that you will have to spend a big portion of your savings. For more retirement advice, check out Senior Strong!
Irene Lefever is a senior advisor whose role is to make sure that senior citizens’ physical, mental, psychological, and emotional needs are catered to. Lefever got her degree in Multimedia Arts at the University of California, Riverside.