Wisconsin homestead s 2025

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One of the key requirements is occupancy status homestead exemptions are typically only available for primary residences. Some other factors that may impact eligibility include your age and income, as well as your marital, veteran or disability status.
The Wisconsin homestead exemption allows a debtor to exempt as much as $75,000 of equity in a homestead that the debtor occupies. If a person owns a $275,000 homestead and has a $200,000 mortgage, then $75,000 of equity in the homestead is fully exempt.
Your homestead is the Wisconsin home you occupy, whether you own it or rent it, and up to one acre of land adjoining it (or up to 120 acres of land if the homestead is part of a farm).
Wisconsin Program Overview. Property Tax-Aide features four property tax relief programs in Wisconsin, one of which is for senior homeowners. They are the Homestead Credit, School Property Tax Credit for Renters and Homeowners, Property Tax Deferral Loan Program (for seniors), and the Lottery and Gaming Credit.
You occupied and owned or rented a home, apartment, or other dwelling that is subject to Wisconsin property taxes during 2024. You are a legal resident of Wisconsin for all of 2024. You are 18 years of age or older on December 31, 2024. Your household income was less than $24,680 for 2024.
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It allows homeowners to protect a portion of their homes value from creditors. Specifically, it shields up to $75,000 for single individuals and $150,000 for married couples or joint owners.
One option to file your homestead credit claim electronically may be WisTax, the departments free, online system: . You can also visit our website at revenue.wi.gov and click on the Individuals tab for more information.

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