Frequently Asked Questions about Homestead Exemption:

If you are over 65 years of age or disabled, there is a chance you can lower your property taxes with the Homestead Exemption if you meet the following requirements:

Are over the age of 65, totally disabled under the age of 65 or are 59 to  64 years of age and the surviving spouse of a Homestead recipient.

The applicant must own and reside in their home or manufactured home as of January 1st in the year they are applying for the Homestead Exemption.

The following are some of the most common items considered in determining annual income:

• Social Security
• Pensions
• Interest
• Wages
• IRA Withdrawals
• Gambling Winnings
• Rents
• Annuities
• Insurance Contracts
• Unemployment Compensation
• Gain from Sale of Property
• Disability income which becomes retirement income

Items that are not included in determining annual income are:

• Social Security cost of living increases
• Social Security disability until 65 years of age
• Medicare
• Veterans Disability
• Disability Pension Paid by Employee
• $5200 of Disability Pension Paid by Employer
• Black Lung Benefits
• Workers Compensation
• Welfare, ADC
• Inheritance
• Gains ($125,000) from one time sale of residence
• Life Insurance due to death
• Railroad retirement benefits in adjusted gross income
• Police & Firefighters Fund until retirement
  

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