Tax Type
Property Tax
Description
Elderly Persons;Total Income;Retirement Payments;Return of Contributions
Topic
Exemptions
Date Issued
10-25-1973
Retirement payments received by a retired employee are included in his total income for purposes of determining his eligibility for the exemption or deferral of property taxes afforded certain elderly persons. This is true even though a particular payment may in fact be a return of the retiree's contributions.
Attorney General's Opinion