There are growing concerns that increases in property tax bills due to recent re-evaluations are pushing senior citizens to leave their homes. Some seniors take the Senior Exemption, which lowers their property tax based on reaching age 65 and above. There is also The Senior Freeze, for eligible senior homeowners whose household income is no […]

Did you ever think you could pay cash for your new home? Thanks to recent home price appreciation, homeowners have near record amounts of equity, which simply is the difference between what you owe on your home & what your home is worth. On average, homeowners have $311K worth of equity. Once you sell, you […]

The US population is aging. Within the next decade, older adults will outnumber children for the first time in American history. As Americans live longer, their housing needs will change, but our current housing market is ill prepared for this demographic shift, according to Linna Zhu and Amalie Zinn of Urban Wire/Institute. Today, senior households—many of whom are […]

Exemption applications for the 2024 tax year are now available online. Exemptions are savings that contribute to lowering a homeowner’s property tax bill. The most common is the Homeowner Exemption, saving a property owner an average of $950 dollars each year. As a reminder, exemptions are reflected on the second installment property tax bill, so […]