A Circuit Breaker is a local program designed to offer rebates or reductions in a homeowner’s property tax based on specific criteria such as age, income status, or other qualifying factors. These programs aim to provide tax relief especially to vulnerable groups like the elderly or low-income residents.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!