Qualifications for the Homestead Tax Credit Program
- You must be at least 65 years old or permanently and totally disabled.
- If you are claiming exemption due to a disability for the first time, you must provide an affidavit showing the facts of your condition.
- You must own and reside in your home by February 1st of the tax year.
- Your total household income cannot exceed $70,000 after deducting out of pocket medical expenses.
- The total amount of the credit depends on your annual income:
If your income is | Taxable value is reduced by | Maximum reduction of taxable value* | Maximum reduction of true & full value |
|---|---|---|---|
$0-40,000 | 100% | $9,000 | $200,000 |
$40,001-70,000 | 50% | $4,500 | $100,000 |
*Taxable value is 4.5% of the True and Full value.
View the Homestead Tax Credit brochure.
View and print the Homestead Tax Credit application.