Don’t miss the Homestead Exemption Deadline

by Department of Revenue

Save up to $419 a year on your Real Estate taxes if you live in and own your home with the Homestead Exemption.  There are no age or income guidelines. Here’s how it works.

Real Estate tax bills are based on the assessed value of a property.  Homestead Exemption reduces that assessed value by $30,000. A lower assessed value results in lower real estate taxes.

Example:

Assessed value of the home:    $100,000

Homestead Exemption:           – $30,000

Taxable value of the home:       $70,000

Real Estate Taxes are paid on $70,000 instead of $100,000.

To apply, complete the online application or download an application. Deadline to apply is September 13.

Find out if you already have Homestead Exemption on your home.

Photo credit Michael Cramer.


Top