I just wanted to let those of you who are 65 years old to look into your local towns to see if you can get a homeowners tax exemption. In my town in CT one owner must be 65 years old to apply. In CT there seems to be two programs. One is thru the State and one is thru the Town. We did not qualify for the state portion but we did for the town. The exemption is $960. It sure isn't a fortune but less taxes works for me!
The income level for a married coupld is $43,000. Assets are not counted.
The State bases it on Social Security + adjusted gross income + non taxable income
The Town bases it on adjusted gross income + 1/2 Social Security + non taxable income
Every town and state has a different method of calculating and different income levels they base eligibility on.
Contact your Senior Service Counselors or your Tax Assessor's office for details on their programs.
You will have to bring your 2017 tax year information to the Assessor's office for them to calculate your eligibility.
There are other programs for Veterans, legally blind and certain energy assistance programs.
You have paid taxes your whole life and if you qualify, you should consider taking advantage of these programs.