January 2012

Found 2 blog entries for January 2012.

 

The homestead exemption process got a little more complicated this year due to some addiitonal requirements.

First of all, let me explain what the homestead exemption is:

So, what IS a homestead exemption?Homestead exemption is a legal regime designed to protect the value of the homes of residents from property taxes, creditors, and circumstances arising from the death of the homeowner spouse. An exemption removes part of the value of your property from taxation and lowers your taxes. For example, if your home is valued at $50,000 and you qualify for a $15,000 exemption, you pay taxes on your home as if it was worth only $35,000.

And these are the changes that went into effect in 2012:

Changes in Property Tax

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