Welcome to the New Year! Filling out forms probably wasn't part of your New Years resolutions, but the time has come to file your Homestead Exemption forms.
The homestead exemption lowers your property taxes, by subtracting a portion of your property value from the taxation. These amounts vary based on circumstance and county taxes, but can add up to as much as $25,000.
However, there are a few conditions:
- You must be a surviving spouse
- You must own and occupy the property
- The home must have been purchased prior to January 1
- Applications must be filed between Jan. 1 - Apr. 30 of the tax year
If you meet the above requirements, we strongly encourage you to apply. For those who qualify, it's a great perk of owning a homestead and…
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