HOMESTEAD EXEMPTION
You have questions. We want to give you answers.
Are you a senior who has owned your home for ten or more years?
Did you know that under the Senior Property Tax Exemption qualifying seniors can reduce the property tax on the primary residence by exempting 50% of the first $200,000 in market value?
To qualify you must meet the following criteria:
- the qualifying senior must be at least 65 years of age as of January 1 the year application is made; and,
- must have been the owner of record of the property for at least ten consecutive years prior to January 1 in the year of application; and,
- must occupy the property as his or her primary residence and must have done so for at least ten consecutive years prior to January 1 in the year application is made.