More States Are Giving Property Tax Breaks to Seniors — With Savings up to $6,500

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 More than half of the states now have laws that reduce what older homeowners owe in property taxes Evgeny Atamanenko / Shutterstock.com

Property taxes can be a serious burden on seniors who own homes and aren’t earning as much income, but a number of states are working to lower the bills for older residents — sometimes by thousands of dollars. New Jersey, where homeowners pay the highest property taxes in the nation, just became the latest state to announce a tax break for homeowners 65 and older. It won’t take full effect until…

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