Keeping Seniors in their Homes

Keeping Seniors in their Homes

In the decade before Governor Walker took office, property taxes in Wisconsin had climbed 27%. Since the governor was elected, property taxes are now lower than they were in 2010 and more people are working in Wisconsin this year than ever before. But there’s more that can be done, which is why Governor Walker proposes increasing the Homestead Tax Credit for senior citizens by 50%, which will allow an increase in the amount a claimant receives and expands eligibility to even more senior citizens.

Scott Walker knows that many senior citizens live on fixed incomes. In the past, too many of our seniors faced a financial crunch with high property taxes, high prescription drug costs and high healthcare costs. That’s why his proposal will help senior citizens to stay in their homes. Governor Walker will continue to protect Wisconsin’s senior citizens, and expanding the Homestead Tax Credit will provide even further property tax relief for those senior citizens with fixed or modest incomes so they can continue to share in Wisconsin’s prosperity.

Expanded Homestead Tax Credit Under this Plan

  • The Homestead Tax Credit remains a refundable tax credit under this proposal.
  • The expanded Homestead Tax Credit will be available to individuals ages 62 and over.
  • A 50% expansion would increase the maximum credit from $1,168 to $1,752 and the maximum income for an eligible claimant from $24,680 to $37,020.
  • The amount a claimant is eligible to receive from the Homestead Tax Credit is tied to their household income and allowable property taxes/rent. The Homestead Tax Credit is structured to provide the most aid to households with the least income and highest allowable property taxes/rent.

Governor Walker’s Record on Protecting Senior Citizens