Apply for a Reduced Real Property Tax Program
“Many of the elderly lose their homes due to the inability to pay their real property taxes and in some cases, the amount owed is less than $1,000,” said Freeman. “Owing taxes during retirement will reduce your monthly cash flow and might put you in a financial bind that could take months to recover from.”
Many states offer property tax relief for qualifying seniors, so do your research to find out what support is available.