Certain homeowners — including those over 65 years in age, veterans, and those with disabilities — may qualify for property tax exemptions. Exemptions and their eligibility requirements vary by the local taxing jurisdiction (municipality, county or school district). Check with your local assessor’s office to determine the specific eligibility requirements for exemptions available in your community.
5-50% reduction in assessed value of your home.
Claimed as a reduction to your property taxes.