The Homestead Exemption, which takes the form of a credit on property tax bills, allows qualifying homeowners a reduction that is equal to the taxes that would otherwise be charged on up to $25,000 of the market value of their home from all local property taxes.

Those eligible must be 65 years of age or older or be permanently or totally disabled and must own the home where you live as of the year in which they apply.

There are no income restrictions, but you must apply before the first Monday in June to be eligible. 

To find out what you may receive for the Homestead Exemption, please click next.