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Navigating your way through difficult legal issues such as long-term care, estate planning, or social security benefits, as an aging American without adequate support is an overwhelming and...
Seniors can have their homestead assessed value "frozen" at the next assessment date after reaching age 65. California exempts the first $7,000 of residential homestead from property taxes. Colorado allows a 50% deduction for up to the first $200,000 (equivalent to a $100,000 exemption if the property is valued at $200,000 or above) for seniors ...
Greenleaf G 'Free access to legal information, LIIs, and the Free Access to Law Movement', Chapter in Danner, R and Winterton, J (eds.) IALL International Handbook of Legal Information Management. Aldershot, Burlington VT: Ashgate, 2011 - This chapter updates information about some FALM members to 2011, but is not comprehensive.
The Seniors Real Estate Specialist (SRES [1]) designation is awarded by the SRES Council to Realtors who have successfully completed coursework on the real estate needs of home buyers age 50+. Distinctive needs, factors, and considerations for this segment of the population include: Housing for Older Persons Act (HOPA) reverse mortgages
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For tax filers who make between $25,000 and $40,000 the property tax must be over 4% of their yearly income. For those over the age of 70 who make under $60,000 per year the property tax must exceed 3% of their yearly income. Renters may claim 20% of their yearly rent paid as property tax but may only receive up to the maximum $1,000 for the ...