Always free AUDIOBOOKS from Twayesh Projects - download today! Different Circumstances For Property Tax Reduction. ✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹✹. There are some reasons why people receive a property tax reduction. Veterans, seniors, and low income homeowners can apply for a tax reduction or a tax deferral.