The speaker also reiterated his earlier proposal to increase the state homestead exemption from $2,000 to $4,000. That amount could save homeowners nearly $100 million statewide, according to projections. Senators have countered with a plan that wouldcap the...
#5: Homestead exemption―available for those using the property as their personal, legal residence, this exemption is easy to qualify for and can reduce your taxable property value by thousands of dollars. To qualify, you must be living in the home and it must be your legal residence; and ...