Tiverton’s town council may allow residents over 65 who own and live in their home to apply for a property tax credit.
Tiverton’s town council may allow residents over 65 who own and live in their home to apply for a property tax credit. The assessor determines the credit amount.
Tiverton’s town council may adopt an ordinance allowing a property tax credit for eligible older residents. The provision covers people over age 65 who own and occupy real property in Tiverton. Only one credit is allowed for co-owners, and a life tenant who pays the property tax may qualify. The council must adopt an ordinance for the credit to be available. The credit amount is determined through an application to the tax assessor. The act says it takes effect upon passage.
No hearings or votes scheduled.