Exemption—Homes
The home exemption reduces the taxable value of an owner‑occupied principal residence by $120,000, or $160,000 if the owner is 65 or older, and the exemption applies only to property owned and occupied as the owner’s primary home. Portions used for commercial purposes do not qualify.
*Effective July 1, 2027, the home exemption amounts change to $140,000, or $180,000 if the owner is 65 or older. File by September 30, 2026.
If you already have a home exemption, you do not need to refile if there are no changes to the ownership or use of the property. If you provided proof of age when you initially filed, your exemption amount will automatically adjust to the higher amount when you become of age.
We encourage all occupants on title to file for the home exemption in case something happens to the primary applicant.
