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Tax Relief Information |
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Tax Relief for Farmers - "Clean and Green" Farmland and Forest Land Preservation Act: This state law allows counties to assess farm and forest acreage at a value based on the crops or trees the land can support, which is usually lower than its market value. In return, landowners must promise to keep the land (a minimum of 10 acres) in farm or forest use. If you remove the land from the program, you must pay the difference between its preferential assessed value and its market value for the seven most recent tax years, plus interest. The deadline for applying for Clean & Green is June 1st, of each year for the following year assessment. For more information, call the Fayette Country Assessment Office at 430-1350. In a reassessment year such as this one, the deadline to file an application for “Clean & Green” is October 31st.
Application for Homestead & Farmstead Exclusions The Homeowner Tax Relief Act, Act 72 of 2004, was signed into law by the Governor to allow school districts to reduce property taxes by lowering your tax bill via the “Homestead & Farmstead Exclusion” program. Under the Act each approved “Homestead or Farmstead” property has its assessment lowered before the local millage rate is applied. That rate is dependent on the number of applicants and the amount of money brought in that fiscal year from the gaming industry. This figure changes each year. For the 2009-2010 School District Fiscal Year the property tax relief for Fayette County is:
Click here for
Homestead
Application.
Tax Relief for Seniors Senior Citizens Rebate and Assistance Act: Major changes have occurred recently that have expanded the eligibility requirements for seniors. The income limit has been raised to $ 35,000 a year or less for those 65 or older or 50 & older widowed. It is noted that only half of any social security benefit you receive is counted toward the $ 35,000 upper limit. Up to $ 650.00 per year can be rebated back to the property owner if approved. It is noted that your taxes must be paid up to date, and a paid receipt must accompany your application. Deadline to file for the rebate is December 1st. For more information, please contact your local tax collector or state representative. Also, the state legislature is examining legislation that would expand tax relief for seniors. Contact your state representative for the latest information.
State Representatives
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