Tax Limitations for 2019

Income Tax Limitations
$0-$30,200
Taxes are limited to 4% of the annual income
$30,201 - $45,300
Taxes are limited to 5% of the annual income
Over $45,300
Does not qualify
Note: Homeowners with incomes of $30,200 and less, that are over age 65 or are totally and permanently disabled should consider the Elderly or Disabled Homestead Exclusion. The exclusion may provide more tax relief than the Circuit Breaker Tax Deferment Program. Homeowner’s cannot be granted both types of property relief.