dory36
Early-Retirement.org Founder, Developer of FIRECal
- Joined
- Jun 23, 2002
- Messages
- 1,841
I just learned from a friend about a Texas law that (sort of) exempts those 65 years of age and older from preoperty taxes. I did a bit of homework. The law was passed many years ago, but is little known among most folks.
From http://www.oag.state.tx.us/alerts/alerts_view.php?id=48&type=2 : "Texas Tax Code, Section 33.06, allows taxpayers 65 years of age or older to defer their property taxes until their estates are settled after death."
(Apparently many states allow something similar, although many have income and property value limits, which Texas does not have.)
From http://www.oag.state.tx.us/alerts/alerts_view.php?id=48&type=2 : "Texas Tax Code, Section 33.06, allows taxpayers 65 years of age or older to defer their property taxes until their estates are settled after death."
(Apparently many states allow something similar, although many have income and property value limits, which Texas does not have.)