Reduced Tax Rates of Senior Citizens

A senior citizen, who is defined for purposes of this Title as a person fifty-five (55) years of age or older, who is the head of a household and who currently resides in and owns his or her home, and has lived on Guam for five (5) preceding consecutive years shall pay a real property tax on such personal residential property at twenty percent (20%) of the yearly real estate tax based on the latest five (5) year tax assessment levied on such property owned by the respective senior citizen, provided such property is his or her place of primary residence. SOURCE: Added by P.L. 21-030:2 (May 17, 1991). Repealed and reenacted by P.L. 23-107:2 (July 8, 1996). Amended by P.L. 24-267:5 (Aug. 17, 1998); P.L. 29-019:X:5 (Sept. 29, 2007).