New Homestead Exemption Application Rules 2025

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Homestead tax exemptions usually offer a fixed discount on taxes, such as exempting the first $50,000 of the assessed value with the remainder taxed at the normal rate. With a $50,000 homestead exemption, a home valued at $150,000 would be taxed on only $100,000 of assessed value.
Heres how a homestead exemption can translate to savings. A homestead valued at $400,000, taxed at 1%, is eligible for an exemption of $50,000. The propertys taxable value will be $350,000, and the tax bill $3,500. Without the exemption, the property tax bill would be $4,000.
Once youre approved for a homestead exemption, you typically dont need to reapply on an annual basis. However, you may need to notify the appropriate government agency if you move, sell or rent your house.
Under the map, find the words HOMESTEAD EXEMPTION. If youre signed up, the word Yes appears directly below. Another easy option is to call the Homestead hotline: (215) 686-9200. There is more information about this program, and how to apply on our website.
In 2023, the $100,000 Homestead Exemption was permanently codified into the Texas Constitution when voters passed Proposition 4 with 83% of voters in support. This makes the $100,000 Homestead Exemption permanent, and homeowners will receive tax relief every single year, forever.
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The State of Tennessee passed legislation that permits counties to freeze property tax amounts for homeowners who are 65 or older on or before December 31, 2024, and the combined 2023 annual income for you, your spouse and all other owners of the property cannot exceed the income limit $60,000.
What is a Homestead? Under law, a homestead is defined as dwelling, including the parcel of land on which the dwelling is located and the other improvements located on the parcel for which any of the following apply: The dwelling is primarily used as the domicile of an owner who is a natural person.
(a) An individual, whether a head of family or not, shall be entitled to a homestead exemption upon real property which is owned by the individual and used by the individual or the individuals spouse or dependent, as a principal place of residence.

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