Catoosa seeks to lower financial burden for elderly residents
The Catoosa County Board of Education and the Catoosa County Board of Commissioners are working to ease the financial burden for elderly residents living with a limited income.
The two boards worked together to create a new homestead exemption. The exemption will reduce the Catoosa County School District ad valorem taxes on residents 65 or older whose income does not exceed $30,000 per year.
This group of residents will see a $40,000 reduction in the assessed value of their home which will either eliminate or reduce their school property taxes.
“We understand that some of our elderly citizens have a lot of expenses with medical bills, utility bills, and prescriptions," Superintendent Denia Reese said. "Some may have lost a spouse and have the added pressure of making ends meet with less income. We were glad to have the opportunity to work with our county commissioners to ease the financial burden for our elderly residents with limited income.”
Catoosa County Commissioners and the Catoosa County Board of Education will ask Senator Jeff Mullis and Representatives Dewayne Hill and Steve Tarvin to introduce the bill in the upcoming General Assembly session.
If the bill is approved in the General Assembly, Catoosa County citizens will vote on it next November.