The exact wording of the law actually stipulates a $6,000 tax deduction for individuals aged 65 and older, likely raising the ...

California: Allows seniors to transfer their existing property tax base to a new home of equal or lesser value. Colorado: Exempts 50 percent of the first $200,000 in value of the primary residence.

Selling your home and downsizing is a difficult decision and process for seniors. Dear Savvy Senior, I recently learned about a property-tax relief program for seniors in the county where I live.