Seniors deserve a real estate tax break
Published 12:00 am Thursday, April 1, 2004
Editor, the News-Herald:
Senior citizens of Suffolk who own their homes deserve a real estate tax break. We have paid our fair share of real estate property taxes over the years. My taxes in 1980 were a little over $400 and have steadily risen to over $1,600. The city now takes two of my Social Security checks. My neighbor laughs and said at this rate, they will soon get three of my Social Security checks. I hope he is wrong.
The city proposes to give minimal tax relief to some few, very low-income people. The city should consider giving all people drawing Social Security, owning and living in their own homes, a 50 percent reduction in their real estate property taxes. If the city cannot give us seniors a break this large, just a 25 percent reduction would help. The freezing of taxes at the present level for us seniors is preferable to no tax relief at all.
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With an estimated $50 million in property tax revenue coming in with the higher real estate assessments, the city can well afford to give seniors citizens a little relief.
William A. Harward