Property Tax Freeze Deadline on April 5
March 30, 2017
NASHVILLE, Tenn. (March 30, 2017) - The deadline for Nashville’s property tax freeze program is fast approaching, and we are asking all media outlets to assist your readers, listeners, and viewers by getting the word out about this important program.
The city also has a property tax relief program for qualified homeowners. The need to highlight these programs is enhanced by the upcoming property reassessment, which will likely result in some homeowners seeing their tax bills go up as assessed property values increase throughout Davidson County, although others will see a decrease.
“Nashville’s growth has resulted in higher property values throughout the city, which has created more home equity for many property owners, but can also present challenges for income-limited seniors or disabled Nashvillians when it comes time for property reappraisals,” said Mayor Barry. “That is why we need everyone’s help to get the word out about the property tax freeze and property tax relief programs, which ensure low-income elderly or disabled homeowners are able to age in place when living in a part of town with higher than average growth in property values.”
Property Tax Freeze Program - Homeowners qualifying for this program will have property taxes on their primary home frozen at a certain amount. As long as the homeowner continues to qualify and applies annually, the amount owed for that property will not change even if there is an increase. The deadline each year is April 5th.
Base tax amount may change for the homeowner when improvements are made to the property, resulting in an increase in value, and/or when the homeowner sells the primary property and purchases another residence.
- Own your primary home and use as primary residence
- Must be 65 by the end of the year in which you apply
- Have an income that does not exceed $41,660.
Property Tax Relief Program - Tax relief is payment by the State of Tennessee to reimburse certain homeowners who meet the qualifications for a portion or all of the property taxes paid. You must still pay your property tax each year. The maximum market value on which the tax relief is calculated will be the first $23,500 of your primary residence in 2016 for elderly and disabled homeowners, or $100,000 for disabled veterans or their widow(er)s. Homeowners opting for this program will need to apply when they receive their property tax bill. The deadline for applications is 35 days after the bill's due date. Taxes MUST be paid by this date.
- Must be 65 by the end of the year in which you apply OR a disabled homeowner, disabled veteran homeowner, or the widow(er) of a disabled veteran homeowner
- Must own home and use as primary residence
- Maximum income for applicant, spouse and all owners of the house is $29,180. Disabled veterans or Widow(er)s of disabled veteran applicants do not have an income limit for 2016.
Both the Property Tax Freeze and Property Tax Relief programs are administered by Metro Nashville Trustee Charlie Cardwell. For additional information, call 615-862-6330.