A property tax exemption is available to senior citizens, surviving spouses of senior citizens and disabled veterans. For those who qualify, 50% of the first $200,000 in actual value of their primary residence is exempted. The state pays the exempted portion of the property tax.
Note: The General Assembly must approve funding for the senior citizen exemption each tax year. The disabled veteran’s exemption is permanently funded and does not require General Assembly approval each year.
Stacey Seifert, Fremont County Assessor