What is a property tax relief program and give two examples?

• A. Programs that increase revenue.
• B. Programs that standardize tax assessments.
• C. Programs that restrict accessibility to records.
• D. Programs that reduce tax burden for eligible groups.

Answer: (D)

A property tax relief program lowers the amount a property owner has to pay, or lowers the property's taxable value, for those who qualify. It usually works through exemptions, credits, or deferrals to reduce the tax burden for eligible groups.

Two common examples are a homestead exemption, which reduces the taxable value of a homeowner’s primary residence, and a circuit breaker, which provides a credit or refund when property taxes exceed a certain portion of the owner's income.

Other options describe increasing revenue, standardizing assessments, or restricting access to records, none of which are aimed at reducing tax liability for eligible groups.