2005 FAIR Rebate
Amount For Homeowners
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Age 65 or Older and/or Disabled

Filing Status
Gross Income
Rebate Amount
Any*
Not over $70,000
$1,000 - $1,200
$70,001 to $125,000
$600 - $800
$125,001 to $200,000
$500


Under Age 65 and NOT Disabled

Filing Status
Gross Income
Rebate Amount
Any*
Not over $70,000
$350
$70,001 to $125,000
$250
$125,001 to $200,000
$200

*Spouses who file separate income tax returns but maintain the same principal residence must combine their incomes when calculating the rebate. Each spouse is then eligible to receive one-half of the calculated amount. If spouses maintain separate principal residences, their income should not be combined.

For most homeowners, the rebate amount is equal to property taxes paid, minus 5% of gross income, but is limited to the maximum rebate amount for the homeowner’s income level. In no case will the rebate be more than the amount of property taxes actually paid.