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Committee reviews property-tax credits, taxpayer refunds and senior deferral program
Summary
Sean Williams and Jared Swanson of House Research summarized the major property tax credits, refunds, and the senior citizens deferral program.
Sean Williams and Jared Swanson of House Research summarized property‑tax credits, refund programs administered by the state, and the senior citizens property‑tax deferral program.
Williams explained property tax credits reduce a homeowner’s final tax bill and the state reimburses local jurisdictions for credits applied. He described the school building bond agricultural credit, created in 2017, which covered about $109 million in payments in 2024 and reimburses agricultural land for a share of school building bond referendum levies (now covering up to…
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