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1. What income amounts are included in the calculations for the Senior Citizen/Disabled Person exemption?

- Wages, Salaries, Tips

- Social Security Benefits

- Retirement Benefits (including Railroad)

- Income from Pensions, Annuities, IRAs

- Interest and Dividends

- Business Income, Note: Depreciation and business losses are not deducted

- Rental Income, Note: Depreciation and rental losses are not deducted

- Capital Gains other than the gain from the sale of your primary residence if it was invested in a new primary residence

2. What deductions can be excluded from my income for the Senior Citizen/Disabled Person exemption?

- Non-reimbursed amounts for you or a spouse to live in a nursing home or adult family home, prescription drugs, and goods and services that allow you or a spouse to receive in home care

- Insurance premiums for Medicare

- Disability Benefits paid by the military for a service connected disability

3. I own 6 acres, how much of my parcel can be exempted under the Senior Citizen/Disabled Person exemption?

You will be exempted either 1 acre or up to 5 acres depending on what the smallest allowed size for a parcel in your Zoning Designation is.

4. If I sell my home, will the new owner receive the benefit of the Senior Citizen/Disabled Person exemption?

If you sell your home, the exemption will continue up to the date of sale. Taxes will be recalculated for the remainder of the year and the new owner will be billed for the portion of taxes for that period of time.

5. Can I transfer my Senior Citizen/Disabled Person exemption to a different property?

If you purchase a new residence you may transfer the exemption to that new home as long as you make this new home a primary residence. Keep in mind that you are only allowed the equivalent of 1 exemption for a year on a residence, but you can split that exemption between 2 homes in 1 year.