Quote:
Originally Posted by TomC
Pretty tough that an octogenarian can't live out his days at his place if it is taxes that drove him out... it would be pretty easy to fix that. For example, in the case of a person over a certain age, maybe 80 or 85, taxes accrue but are deferred and settled (including interest) with the estate after death...
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I guess a lot depends on the next generation, if there is one, and what their desires and abilities are. Absent the kids being a solution, I think of two ideas that may apply.
1. Reverse mortgage
2. Sell or donate the property with a retained residency clause
Handled properly, either of these might give you a lump sum of cash and minimal overhead costs going forward.
Back to taxes:
My experience many years ago as a selectman was that the BOS has considerable flexibility in working out taxes and property seizures/sales. Town and City Councils have less flexibility due to charters.