Even if you have paid a home by retirement, many adults have to pay current ownership taxes. To reduce this burden, many countries offer different exceptions, taxes and tax loans that can reduce the taxes on the ownership of the elderly to almost nothing.
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These are the 13 countries where the elderly pay the lowest with property taxes, according to Realtor.com and where the costs of living are also below the average in the United States, according to recent Gobankingrates studies. Please note that there are other countries where the elderly can pay a little for property taxes, but these states – Alaska, Arizona and Florida – have above average costs.
The state Alabama releases the elderly from the state ownership taxes, although district taxes can still be applied. Alabama ranks as the fifth most expensive country in the United States, with an annual cost of living at $ 68,006.
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Arkansas, the sixth most cheap state in the United States, freezes the valued value of a home or a farm for the elderly. This means that if you have purchased a home at a lower price, your property taxes will not increase. Here the annual costs of life are $ 68,547.
In Iowa, the cheapest country in the United States, homeowners aged 65 and over, can receive $ 6,500 release at the value of their home. The annual cost of living here is $ 69,320.
Kansas, the third cheapest state in the United States, offers a generous tax credit for up to 75% of property taxes on the main residence. With the annual cost of living at $ 67,234, this is a lot for the elderly.
Kentucky, 17th The cheapest condition in the United States releases $ 49,100 valued value for qualified homeowners aged 65 or older. The annual cost of living here is $ 71,870.
Louisiana also offers a generous freezing of the property tax for the elderly, who is eligible for the first $ 75,000 in the value of the home. Louisiana is 14th The cheapest state in the United States, where annual living costs are $ 71,250.
In North Carolina, 28th The most affordable country in the US, the elderly may receive a tax exemption on the greater than $ 25,000 or 50% of their home value. The annual cost of living here is $ 75,580.
Ohio State, 20th The cheapest country in the United States releases $ 26,200 valued value for qualified senior homeowners. The annual cost of living is $ 72,798.
Oklahoma, the second most expensive country in the United States, has the most willing offer so far: the restriction on the evaluation of the senior freezes the fair monetary value of the qualified farm for the elderly, stabilizing the property tax accounts. The annual cost of living here is $ 66,229.