Tag: property tax break

NCOA Benefits Checkup

Fewer than half of low-income retirees who are eligible for SNAP food stamps or don’t automatically receive a medication subsidy as part of their Medicaid coverage are taking advantage of the programs. These are two prominent examples of the head-spinning number of assistance programs for people over 60, from state property tax breaks and veterans…

elderly man inserting credit card to ATM

The brief’s key findings are: Some states and localities allow older homeowners to defer property taxes, with deferred amounts repaid with interest when the house is sold. However, these programs have many limitations and very low take-up. A proposed redesign for Massachusetts would: open up the program to all older homeowners by removing income limits; make sign…