The Homestead Exemption (based on age or disability status) allows taxpayers who are at least 65 years of age or who are totally disabled to receive an exemption.
The following requirements must be met in order to claim the homestead exemption:
The exemption for 2023 is $ 46,350. Any property assessed for more than $46,350 would require the property owner pay tax on the difference.
* The most common government agency under which a taxpayer can obtain a totally disabled classification is Social Security / SSI. Other programs include Veterans Administration and the Teacher’s retirement System.
An application must be completed and filed in the Property Valuation Office along with documentation verifying age. Appropriate documentation might include Photo ID with address and driver’s license. When applying for the Disability Exemption, the same form will apply. However, additional documentation verifying total disability in the form of either a Notice of Award or TPQY that shows date of onset or eligibility, and Verification Letter of status showing payments have been issued throughout the entire year must follow.