How to Determine Qualification for a Homestead Tax Exemption
A state homestead tax exemption may save a homeowner's primary residency from thousands of dollars in property taxes owed each year. Although, most states with property tax homestead exemptions require a homeowner to meet certain standard in order to qualify. Qualifying may also include a laundry list of documentation needed, an application process and a waiting period before approval.
Other People Are Reading
Things You'll Need
- Homestead exemption application
- Driver's license
- Vehicle registration
- Voter registration card
- Social security number
- Green card
- Property trust agreement
- Recorded deed or tax bill
- Manufactured home registration
Instructions
-
-
1
Review state requirements for obtaining a property tax homestead exemption and obtain an application.
-
2
Confirm that ownership, residency and property all meet the requirements. The home must be the owner's primary residence in order to receive a homestead exemption. Exemptions are not offered on second homes.
-
-
3
Gather the legal documentation required for the application process. These usually include a valid driver's license from the state in which the resident is applying; vehicle registration; possibly a county voter registration card from the county of residence; a social security number in the form of a card; a copy of the recorded deed or tax bill.
-
4
Complete the application form and file with the county tax assessor's office. There may be an application deadline for each tax year.
-
1
Tips & Warnings
Some states have additional homestead exemptions specific to those with manufactured homes, people over age 65, veterans or the disabled. Eligibility requirements may vary for these.
A green card is required if you're not a U.S. citizen. A manufactured home registration is necessary if the home is manufactured. A trust agreement is required if the property is in trust.
A homestead exemption may be removed by the state if the home has been abandoned or it's determined that the home is no longer the primary residence.
