TITLE

HUMANIZATION OF THE PROPERTY TAX FOR LOW INCOME HOUSEHOLDS

AUTHOR(S)
Quindry, Kenneth E.; Cook, Billy D.
PUB. DATE
September 1969
SOURCE
National Tax Journal;Sep69, Vol. 22 Issue 3, p357
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article examines the Wisconsin Old Aged Homestead property tax relief program. Various types of property tax relief programs for special groups of citizens have been increasingly utilized by states for some time. The relief program was passed in 1964, revised in 1966 and currently provides tax relief of over 6.5 million dollars to 70,000 low income elderly families owning or renting their homes. The relief program was designed to relieve the inordinate part of the residential property tax burdens of homeowners and renters who are 65 years of age or older.
ACCESSION #
4587157

 

Related Articles

  • HOMESTEAD EXEMPTION. Roark, Bill; Roark, Ryan // Concise Encyclopedia of Real Estate Business Terms;2006, p65 

    A definition of the term "homestead exemption" is presented. It refers to an exemption from property taxes granted by many U.S. states to homeowners up to a certain value of the home. When applying for homestead exemption, the property owners are required to use the home as their primary residence.

  • A Taxing Question. Van Dusen, Christine // Atlanta;Dec2008, Vol. 48 Issue 8, p52 

    The article presents information on the exemptions in the property taxes in different cities of Georgia. The basic homestead exemption for Atlanta residents is $15,000, however, low-income residents over 65 can qualify for $25,000 property-tax and $25,000 school-tax exemptions. General homestead...

  • LOUISIANA.  // Property Tax Alert;Oct2009, Vol. 15 Issue 10, p6 

    The article reports that the homestead exemption does not extend to a limited liability company (LLC) since it is a juridical rather than a natural person, according to the Louisiana Constitution. The exemption only applies to a natural person or persons and to a trust created by a natural...

  • Q&A….  // Money Management;10/5/2006, Vol. 20 Issue 37, p28 

    The article presents a question and answer related to residence exemption. A client inherited her mother's house when her mother died. However, the will gave her stepfather the right to live in the house for the rest of his life. The client will still be able to claim the main residence...

  • Homestead Tax-Exemption Jokers.  // Saturday Evening Post;4/24/1937, Vol. 209 Issue 43, p26 

    Focuses on the issues surrounding tax exemption of homesteads in the U.S. Severity of the tax load from the number of tax sales of property; Loss of tax revenue in various localities; Need for some means of equalizing the tax divestitures.

  • A MODERN ANALYSIS OF THE EFFECTS OF SITE VALUE TAXATION. Brueckner, Jan K. // National Tax Journal;Mar86, Vol. 39 Issue 1, p49 

    This article analyzes the impact of land value taxation and gradation of tax system in the U.S. The publication of Henry George's book "Progress and Poverty" in 1879 on the possibility of using land value taxation as a source of government revenue has intrigued economists and other social...

  • TAXATION IN AID OF FARM SECURITY. HINCKLEY, RUSSELL J.; HAGGERTY, JOHN J. // Law & Contemporary Problems;Oct1937, Vol. 4 Issue 4, p546 

    The article presents information on the taxation of agricultural land in the U.S. The insecurity of farm tenure has given rise to proposals for several tax devices to promote farm security. During the past four years, there has been a demand throughout the U.S. for exemption of all or part of...

  • Tax Abatements as a Shield for Looming Property Tax Increases. Maloney, Jaclyn S. // Development (08886067);Fall2013, Vol. 44 Issue 3, p17 

    The author discusses the use of tax abatement tools as a way for commercial real estate owners to address the risk of increasing property taxes. She explains that real estate tax abatements involve the reduction of or exemption from taxes for a given period of time. The common purpose of tax...

  • The Dark Side of the Boom. Birger, Jon // Money;Feb2005, Vol. 34 Issue 2, p29 

    This article offers suggestions for stopping local government from increasing property taxes. Giddy about soaring real estate values?Darlene Murdick was too-until she saw her latest property tax bill. Unable to come up with the additional taxes, Murdick walked away and let the banks foreclose....

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics