What is an "elderly exemption?"
An elderly exemption is tax relief that is afforded by certain local jurisdictions for seniors and disabled persons meeting certain income and other qualifying criteria. In some cases, tax credits are issued, and then collected from the net proceeds at time of sale. There is a full list of all the restrictions as well as numbers to call for more information under "Great Articles" at www.TheSavvySeniorOnline.com.

Posted By: Connie Thomas, Lytle Title on Monday, December 06, 2010