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Property Tax Exemptions

Property Tax Exemptions are deductions applied to the value of your home after the total tax has been calculated based on assessment and local tax rate. You will find this calculation on the right hand side of the second installment of your Property Tax Bill under “Tax Calculator.” If you own your home or have a lease or contract that makes you responsible for the real estate taxes, review your tax bill for the exemptions to which you may be entitled.

The following are the different money-saving exemptions to which you may apply for with the Assessor’s Office:

Homeowner Exemption

You can receive the Homeowner Exemption if you own or have a lease or contract, which makes you responsible for the real estate taxes of the residential property. It must also be used as your principal place of residence for the year in question.

This exemption will be prorated if you purchased a newly constructed home that was not ready for occupancy until sometime after January 1 of the tax year in question.

Senior Citizen Exemption

Senior Citizens receiving the Senior Citizen Exemption automatically qualify for the Homeowner Exemption. You must be age 65 or older during the year for which you are applying. In addition, you must either own the property or have a lease or contract that makes you responsible for the real estate taxes. The property must be your principal residence.

Senior Freeze Exemption

Seniors receiving the Senior Freeze Exemption automatically qualify for the Homeowner and Senior Citizen Exemption. The Senior Freeze Exemption allows qualified senior citizens to apply for a freeze of the equalized assessed value (EAV) of their property from the year prior to application. To qualify you must be age 65 or older during the year for which you are applying, have a total gross household income which does not exceed the maximum eligibility amount (differs from year to year), and be the principal owner of the property.

Long Time Occupant Exemption

To qualify you must have owned and occupied your residence for 10 years or longer, have a total household income of $100,000 or less for the income tax year prior to application, and your assessment increase must have exceeded the maximum exemption amounts set by the state legislature.

Disabled Person Homeowner Exemption

This exemption provides disabled persons with an annual $2,000 reduction in the equalized assessed value (EAV) of the property. To qualify, the applicant must be disabled or become disabled during the assessment year, own or have a legal or equitable interest in the property or a leasehold interest of a single-family residence, be liable for the payment of property taxes, and occupy the property as the principal residence as of January 1st for applicable year.

Returning Veteran Homeowner Exemption

Veterans returning from active duty in armed conflict are eligible to receive a $5,000 reduction in the equalized assessed value of their property only for each taxable year in which they return. This exemption may be received in addition to any of the other exemptions.

Disabled Veteran Standard Homeowner Exemption

Veterans with a service-connected disability as certified by the U.S. Department of Veteran Affairs are eligible for this annual exemption. A disability of at least 75% is eligible for a $5,000 exemption in equalized assessed value (EAV). A disability of at least 50%, but less than 75%, is eligible for a $2,500 reduction in EAV. This exemption cannot be received with the Disabled Person Homeowner Exemption or Returning Veteran Homeowner Exemption.

Home Improvement Exemption

The Home Improvement Exemption allows you to increase the value of your home with improvements valued up to $75,000, without increasing your property taxes for at least four years. The exemption is available to owners of single-family homes, condominiums, cooperatives, and apartment buildings up to six units. Taxpayers are not required to apply for this exemption. The exemption is automatically applied to a property when a building permit is obtained to complete work on the home.

To learn whether you may qualify for any of the above Exemptions, call Xpress Tax Appeals at (888) 959-4824