What is the maximum amount of total combined net worth that I can have to be eligible for real estate tax relief? How do I need to verify my net worth?

The total combined net worth of the owner(s) as of December 31 of the year preceding the taxable year shall not exceed $65,000. The fair market value of the home and up to ten acres of land on which the home is situated is not included in the combined net worth total. The owner(s) and spouse living in the home shall provide their federal tax return, if applicable, and any other documents to verify their total combined net worth for the preceding year (see previous section on necessary documentation).

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1. How do I apply for real estate tax relief?
2. What documentation must I bring in order to complete the application?
3. Is the information contained in my application kept confidential?
4. Do I have to reapply each year?
5. Do I have to live in the property to be exempted?
6. What is the age requirement for real estate tax relief?
7. Is there an age requirement for permanently and totally disabled persons?
8. What is the maximum amount of gross combined income that I can have to be eligible?
9. What are some examples of income?
10. What is the percentage of tax relieved based on income?
11. What is the maximum amount of total combined net worth that I can have to be eligible for real estate tax relief? How do I need to verify my net worth?
12. What are some examples of financial worth resources?
13. If the property owner passes away, or sells the property, will the new owners "inherit" the tax relief?
14. In order to apply, does the real estate have to be "free and clear"?