What kind of property tax savings will I receive?

In 2024, 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 $26,200 of the market value of their home. 

Due to legislation passed in 2023, the exemption amount will be adjusted with inflation each year, starting in 2024.

Show All Answers

1. What is the Homestead Exemption Program?
2. What kind of property tax savings will I receive?
3. Who is eligible for the Homestead Exemption program?
4. Is there an income restriction tied to eligibility with this program?
5. I will turn 65 years of age later in the year, am I still eligible?
6. When is the last day to apply?
7. Who do I call if I have additional questions?
8. I own a vacation home out of state where I reside for a couple of months a year. Do I still qualify?
9. I am 65 years of age and live in a mobile home that I own. Can I still qualify for this property tax credit?
10. My children and I have set up a trust for my home. Can I still qualify for this property tax credit?
11. I missed last year's deadline. Can I still receive a Homestead Exemption for last year's taxes?
12. I know I receive the Homestead Exemption on my taxes. Do I need to reapply every year?
13. I own the home where I reside and I am permanently and totally disabled. What do I need to do to sign up for the Homestead Exemption?
14. I lost my spouse who was 65 and receiving the homestead exemption. Can I continue to receive the Homestead Exemption on the home that we shared?