Do you qualify for homeowner property tax rebates?

Many localities offer rebates or reductions to homeowners, which reduce the amount of property taxes owed. Some breaks are limited to seniors, veterans, and other special status; some are open to all homeowners. These breaks are not automatic—you must apply for them. The amount saved because of a property tax rebate or reduction is not taxable income; it merely lowers your property tax bill and, in turn, the amount of your personal itemized deduction for real estate taxes.