The Tax Resources Blog

Archive for January, 1997

Tax Homestead

Question: wisconsin homestead tax?

I live in a facility for the elderly as an independent because I do not require or receive any extra services. The rent I pay for the year is $13794.00 If I file for homestead credit I can claim only 69% or $9517.86 My question is what am I paying rent for, that I cannot claim to the state for credit?

Answer: for homestead credit you have to had to pay properity taxes. on real property

Candy Swick & Co. Homestead Portability Interview with William Seider