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What are the property tax rates and exemptions for seniors in Everett?

a year ago
27

Property tax rates and exemptions for seniors in Everett can vary based on several factors. However, I can provide you with some general information.

Property Tax Rates

The property tax rates in Everett are determined by the local government and can vary from year to year. These rates are typically expressed as a percentage of the assessed value of the property.

For example, let's say the assessed value of a senior's property in Everett is $500,000 and the property tax rate is 1%. The annual property tax for that senior would be $5,000 ($500,000 x 1%).

Exemptions for Seniors

Everett offers certain exemptions and tax relief programs for eligible seniors to help reduce their property tax burden. These exemptions are designed to assist seniors on fixed incomes.

One such exemption is the Senior Property Tax Exemption, which provides a reduction in property taxes for qualified seniors. The eligibility criteria may include age restrictions, income limits, and residency requirements.

For instance, seniors who are 65 years or older and have an annual income below a certain threshold may qualify for a partial or full exemption on their property taxes.

References

For more detailed and up-to-date information on property tax rates and exemptions for seniors in Everett, I recommend visiting the official website of the City of Everett or contacting the local tax assessor's office.

Here are some resources you can refer to:

Please note that the information provided here is for general guidance only, and it's always best to consult with the appropriate authorities or professionals for specific details related to your situation.

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