For many older homeowners, property taxes are one of the biggest financial burdens in retirement. But across the Midwest, several states offer little-known “circuit breaker” tax credits that can ease the load—sometimes saving thousands each year. These programs are designed to “trip” when property taxes consume too much of your income, providing a refund or direct credit. Unfortunately, thousands of eligible seniors never apply because they don’t know the programs exist. If you live in the Midwest, here are eight states where a simple application could cut your tax bill dramatically.
