Assessor Announces End to “Empathetic” Tax Reductions, Raises Senior Freeze Threshold
Manhattan Township homeowners will see two significant changes in property assessment rules, including the end of a long-standing practice of granting tax reductions for fire-damaged properties and a beneficial increase in the income threshold for the senior freeze exemption.
Assessor Joe Oldani, attending the May 13 township meeting via phone, reported the changes to the board. He announced his office will no longer be able to offer “empathetic reductions” to homeowners whose properties have been damaged or destroyed by fire. This informal policy had previously provided temporary tax relief to residents during a difficult time, but the practice is being discontinued.
On a more positive note for older residents, Oldani shared that the income threshold for the senior citizen assessment freeze homestead exemption has been increased. The eligibility limit has been raised to $75,000, allowing more seniors on fixed incomes to qualify for the program, which freezes the assessed value of their homes to prevent property tax increases.
Oldani also noted that his office has received relatively few phone calls regarding recent tax bills. He said the majority of inquiries have been from residents seeking information about available exemptions rather than questioning the amount of their bills.
Latest News Stories
Former HHS secretary tied to company that could benefit from CMS screening proposal
Supreme Court rules against Verizon, AT&T over privacy penalties
Illinois quick hits: Stop child care scams act clears U.S. House, Illinois U.S. Reps introduce immigrant due process bill
Trump to tap Blanche as attorney general
Trump signs executive orders on customs, federal workforce reforms
McCuskey eyes delay, reversal of furnace, water heater rules
Pratt, Bass on track to face each other in Nov. 3 mayoral race
Kiley, Wahab, Desmond hold onto leads in House districts
GOP maintains leads despite congressional redistricting
WATCH: Trump acknowledges Iranian hardliners could jeopardize deal
Advocates applaud, condemn SPLC wire fraud charges
Gallagher elected to serve rest of LaMalfa’s term in Congress