What percentage of tax reduction do senior citizens receive on property tax in Guam?

In Guam, senior citizens benefit from a significant property tax reduction aimed at easing the financial burden of property ownership as they retire. The correct answer is that senior citizens receive an 80% reduction on property tax. This generous exemption aligns with policies designed to support older residents, ensuring they can remain in their homes without overwhelming tax expenses.

The reduction fosters a sense of security and helps seniors manage their fixed incomes more effectively, allowing them to allocate funds toward essential living costs rather than tax obligations. This is a key aspect of the local government's commitment to providing assistance to its senior population, ensuring their welfare and comfort in their later years.