Senior School Property Tax Relief: A Guide for Delaware Homeowners

As homeowners age, managing finances becomes increasingly important, especially when it comes to property taxes. Delaware offers a Senior School Property Tax Relief program designed specifically for homeowners aged 65 and over. This program provides significant financial relief by allowing eligible seniors to receive a tax credit against their regular school property taxes.

Overview of the Tax Credit

Homeowners aged 65 or older can benefit from a 50% tax credit on their regular school property taxes, with a maximum credit of $500. This credit applies only to property taxes on a primary residence, making it essential for seniors to ensure that their home qualifies under this program

Important Changes to the Program

On July 17, 2017, Governor Carney signed HB 99, introducing key changes to the Senior Property Tax Relief Program:

• Ten-Year Residency Requirement:
  • New applicants who establish legal domicile in Delaware on or after January 1, 2018, must be residents for at least 10 consecutive years.
  • Those who established domicile between January 1, 2013, and December 31, 2017, need only 3 consecutive years.
  • Applicants domiciled in Delaware before January 1, 2013, are eligible for the credit in the following tax year

Eligibility Criteria

To qualify for the Senior School Property Tax Credit:

• You must be 65 years or older.
• The property must be your primary residence.
• All property taxes must be paid in full by the end of each tax year to qualify for credits in subsequent years.
• The application deadline is April 30th each year

Application Process

1. Complete the Application: Seniors must fill out an application form available through their county’s tax office.
2. Submit Required Documentation: A valid driver’s license or state ID is required at the time of application.
3. Where to Submit: Applications should be submitted to the county in which you reside. Tax Credit application here.

Receiving Your Credit

Once approved, the tax credit will be deducted directly from your property tax bill before it is mailed out by your county. Importantly, seniors do not need to reapply each year unless they move; if relocating, they should contact their county’s property tax office for guidance on maintaining their credit status

Special Considerations for Married Couples

• If one spouse is over 65 and the other is not, the couple can still apply for the full credit as long as they own the property together.
• Only one credit can be granted per property each year, regardless of ownership status

Co-Ownership Scenarios

For co-owners who are both over 65 but not married:

• Each co-owner can claim a credit; however, only one full credit may be applied per property.
• The amount of credit will be proportional to each person’s ownership interest in the property

Conclusion

The Senior School Property Tax Relief program in Delaware provides valuable financial assistance to senior homeowners. By understanding eligibility requirements and navigating the application process effectively, seniors can significantly reduce their property tax burden. For more information and assistance with applications, seniors are encouraged to contact their local county tax office or visit relevant state resources.