Programs that provide information and guidance for people who need to understand the property tax abatement program that allows property owners who meet age, disability and income guidelines to volunteer their services to the municipality (or the school district, where applicable) in exchange for a reduction in their property tax bill. Volunteers generally receive credits for their service in an amount equal to the state's minimum wage; and there is an upper limit to the tax reduction an individual may earn during a particular fiscal year. Other rules may apply depending on the jurisdiction. Abatement amounts are included in the taxpayer's gross income for federal income tax and FICA tax purposes.
No programs.