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Exemptions Available to Homeowners

                                EXEMPTIONS AVAILABLE TO HOMEOWNERS 

General Homestead Exemption:
$6000.00 exemption off the equalized assessed value

  • Must be the owner of record or have leasehold interest in the property on January 1 of the assessment year.
  • Must be responsible for payment of the real estate taxes.
  • Must be a full time resident, primary residence.
  • Only eligible for the exemption on one residence.
  • Married couples living separately split the exemption 50/50.

Senior Citizen Exemption: 
$5000.00 exemption off the equalized assessed value

  • Must be the owner of record or have leasehold interest in the property on January 1 of the assessment year.
  • Must be responsible for payment of the real estate taxes.
  • Must be a full time resident, primary residence.
  • Must be 65 years of age or older.
  • Only eligible for the exemption on one residence.
  • Annual Certificate of Status PTAX-329 required by July 1.
Senior Citizens Assessment Freeze Homestead Exemption:

Freezes the property’s equalized assessed value at a set base year amount. The exemption amount
is the difference between the current year’s equalized assessed value and the frozen base year amount.

 

 

  • Must be the owner of record or have leasehold interest in the property on January 1 of the year prior to filing for the exemption.
  • Must be a full time resident, primary residence.
  • Must be responsible for payment of the real estate taxes.
  • Must be 65 years of age or older.
  • Have a total household income of $55,000 or less.
  • Annual Application PTAX-340 required by July 1 value and the frozen base year amount.
Disabled Veterans Exemption: 

Reduction up to $70,000 in assessed value of the property

  • Granted to disabled veterans who have served in the armed forces of the United States and who have acquired in connection with that service a disability of such a nature that the Federal Government has authorized disability of such a nature that the Federal Government has authorized payment for purchase or construction of specially adapted housing as set forth in the U.S. Code Title 38, Chapter 21.
  • Must be your permanent full time residence on January 1 of the assessment year.
  • File application with State.
 

Home Improvement Exemption: 
$25,000 maximum off the equalized assessed value

  • Allows up to a maximum of $75,000 in actual market value ($25,000 assessed value) granted when the property is owned and used exclusively for a residential purpose upon demonstration that a proposed increase in assessed value is attributable solely to a new improvement of an existing structure or its rebuilding following a catastrophic event. The exemption shall continue for four (4) years from the date the improvement was completed and occupied. This must be your permanent full time residence.
 

Returning Veterans Homestead Exemption: 
$5,000 off the equalized assessed value

  • Must be a veteran returning from a recent armed conflict.
  • Exemption granted in the year that the veteran returns.
  • Must be your permanent full time residence.
  • Application PTAX 341.

Disabled Veterans Standard Homestead Exemption:

50-69% - $2500
70-100% -off the equalized assessed value
 
  • Must be a disabled veteran with at least a 50-69% service connected disability for a $2,500 reduction.
  • Must be a disabled veteran with at least a 70% service connected $5000 disability for a $5,000 reduction.
  • Must be the owner of record on January 1 of the assessment year.
  • Must be responsible for payment of the real estate taxes.
  • Must be your permanent full time residence.
  • Application PTAX 342-R must be filed every year by December 31.
 

Disabled Persons Homestead Exemption: 
$2000 off the equalized assessed value

  • Must be a disabled person with a Class 2 disability.
  • Must be the owner of record or have a leasehold interest on January 1 of the assessment year.
  • Must be responsible for payment of the real estate taxes.
  • Must be your permanent full time residence.
  • Application PTAX 343-R must be filed every year by December 31.