THE HUNTER REPORT

thehunterreport.com

 

BROKEN PROMISES 

WILL OF THE PEOPLE

 PROPERTY TAX FREEZE FOR SENIORS

BY: PAT HUNTER

Almost 8-years later, Loudon County Commission has failed to fulfill the wishes of Loudon County voters and to adopt a Resolution for a Property Tax Freeze for Seniors.

Loudon County voters overwhelmingly approved ballot question Article II Section 28 by a margin of 12,451 Yes and 2,431 No.

On November 6, 2006, Tennessee voters approved an amendment to Article II Section 28 of the Tennessee Constitution giving the General Assembly the authority by general law to authorize counties and/or municipalities to implement a local option Property Tax Freeze for taxpayers 65 years of age or older.

Surrounding East Tennessee counties that have adopted the Property Tax Freeze for seniors include: Anderson - 2007, Blount - 2007, Campbell - 2008, Hamblen - 2007 Knox - 2007, Roane -2007,  and Sevier - 2008.

In 2008, District 2 (Lenoir City) Commissioner Austin Shaver proposed that Loudon County Commission adopt the state authorized Senior Citizen Tax Freeze passed by the voters in 2006. Chief opponents of Commissioner Austin Shaver's proposal were Commissioner Don Miller who raised concerns about the school building program, and Trustee Estelle Herron who spoke about having to hire additional personnel to administer the program.

The school building program was adopted by Commission and two new schools and renovations have been completed.

There's no time like the present, to elect commissioners who will think about the seniors of our community and adopt the property tax freeze. Talk to the candidates for Commission. Seniors have paid their taxes and given to the community and its now time to think about the seniors in their golden years.

Trustee Candidates

Please speak to candidates Sherri Colvard and Chip Miller seeking the office of Trustee, and ask where they stand on the Senior Citizens Tax Freeze program, and implementing the program with current staffing.

Chip Miller: http://chipmillerfortrustee.com/

Sherri Colvard : http://sherricolvard.com/

 

 

Click to see Property Tax Freeze for Seniors details -

Tennessee State Comptroller's Office

http://www.comptroller.tn.gov/pa/taxfreeze.asp

The 2014 income limits for Loudon County seniors $37,700.

Provisions

Homeowners qualifying for the program will have the property taxes on their principal residence frozen at a base tax amount, which is the amount of taxes owed in the year they first qualify for the program. Thereafter, as long as the owner continues to qualify for the program, the amount of property taxes owed for that property will not change, even if there is a property tax rate increase.

In order to qualify, the homeowner must file an application annually and must:

  • Own their principal place of residence in a participating county and/or city

  • Be 65 years of age or older by the end of the year in which the application is filed

  • Have an income from all sources that does not exceed the county income limit established for that tax year

In counties or municipalities participating in the Tax Freeze Program, application may be made to the county Trustee or city collecting official.

The state Comptrollerís Office will calculate the income limit for each county annually using a formula outlined in state law.

Situations where the base tax amount would change for a homeowner are:

  • When improvements are made to the property resulting in an increase in its value

  • When the homeowner sells their home and purchases another residence

The tax freeze is available only on the principal place of residence of the qualifying homeowner located in a participating county or city.

 

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4-19-2014