S.137

Increases income eligibility limit for homestead property tax reimbursement program.

The bill increases the income eligibility limits for the homestead property tax reimbursement program, also known as the senior and disabled citizens' property tax freeze program. The income limit will rise to $160,000 for tax year 2021, up from $92,969 in tax year 2020. This change will enable more citizens to benefit from the program, which reimburses qualified participants for any annual increase in property taxes above the amount of the tax liability for the year they became eligible.