property tax credits

Property tax credits refer to deductions or reductions in property taxes that homeowners or property owners are eligible to receive. These credits are typically provided by local governments as a form of financial relief or incentive. Property tax credits can be granted based on various factors, such as the owner's age, income level, disability status, or the specific use of the property (e.g., agricultural or historic preservation). By reducing the amount of property taxes owed, these credits aim to alleviate the burden on eligible individuals or promote certain objectives, such as encouraging homeownership or supporting specific types of properties.

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