Lost Revenue & Reimbursement

By March 1 of each year, county treasurers will send a report to the state administrator listing the amount of property tax revenue attributable to each local government that will not be collected due to the senior property tax exemption program.

By April 15 of each year, the state treasurer will reimburse each county treasurer for the lost revenue.

County treasurers will distribute the reimbursed revenue to each governmental entity.