Tax Time - Homestead Exemption
Well, the forms are already filling your mailbox, so you know what it's time for - taxes. We know they may not be the love letters you were hoping for, but it's time to gather your documents and get it done. Did you buy a home in 2019? If so, fall head over heels for the homestead exemption! Not sure or can't remember how to file for the exemption? We've got you covered with these quick facts about the homestead tax exemption! What is it? A homestead exemption is a one-time, tax exemption on your property taxes that can be filed the January after you have purchased a new home. It lasts until the ownership of your home changes. How much is exempt? The exemption is a reduction of the amount of taxes charged, and so will vary for each county and property. What do I need? To file for a homestead exemption, you must be a legal resident of the county and must own and occupy the home as of January 1 in the year you are seeking the e