A Tennessee official proposed full reimbursements of property taxes for homeowners 65 and older who have at least 20 years of state residency. The plan would replace partial relief, cost about 3% of the state’s annual budget and aims to prevent tax foreclosures while helping seniors remain in their homes. AI Summary
A proposal aimed at providing full property tax reimbursements for senior citizens in Tennessee — with the state’s substantial budget surplus cited as justification for the plan — was recently unveiled by a local official.
Rob Mitchell, the property assessor for Rutherford County, said the Tennessee Golden Homeowners Tax Relief Program would cover the full amount of property taxes assessed on the primary residences of qualifying residents ages 65 and older…