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Property Taxes for Seniors

AIR DATE: Thursday, November 3rd 2011
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Photo credit: Reto Fetz / Creative Commons

Hundreds of senior citizens and people with disabilities in Oregon are getting some unpleasant surprises as property tax bills come due this month. For decades, Oregonians have been able to defer their property tax payments if they are either disabled or over the age of 62 and their income is less than $39,500. The property taxes are then paid, with interest, when the home is sold. The Property Tax Deferral Program changed in the 2011 legislative session, when lawmakers added more restrictions to the program. Now, seniors and people with disabilities facing thousands of dollars in property taxes fear they may not be able to stay in their homes.

Have you taken advantage of the Property Tax Deferral Program in the past? Do you know if you still qualify? What do the changes in the law mean to you and your family?

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Tagged as: elderly · housing · mortgage · property · senior

Photo credit: Reto Fetz / Creative Commons

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