Property Tax-Aide features four property tax relief programs in Wisconsin, one of which is for senior homeowners. They are the Homestead Credit, School Property Tax Credit for Renters and Homeowners, Property Tax Deferral Loan Program (for seniors), and the Lottery and Gaming Credit.The information on this page is updated as new information becomes available by the relevant tax agencies. Homestead Credit The Homestead Tax Credit directs property tax relief to low-income homeowners and renters. Relief is provided as a refundable credit which reduces individual income tax liability or provides a cash refund if the credit exceeds the liability. The amount of the credit received by claimants depends on the interaction of household income and allowable property taxes or rent. The homestead credit formula includes the income threshold, the maximum income level and the maximum property taxes or rent constituting property taxes.For renters, property taxes are considered 20% of rent if heat is...
