What is the tax exemption percentage for senior citizens on Guam?

For senior citizens on Guam, the tax exemption percentage is set at 80%. This means that eligible seniors can benefit from a significant reduction in property taxes, reflecting the government's support for this demographic group, which often relies on fixed incomes. The 80% exemption allows senior citizens in Guam to retain more of their financial resources for living expenses, healthcare, and other necessities.

The rationale behind this exemption is to alleviate some of the financial burdens that seniors may face, enabling them to remain in their homes and enjoy a better quality of life. Such measures are often implemented in response to the rising cost of living and the need for municipalities to provide support to their aging populations.