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What is homestead exemption and how can it SAVE YOU $ ?

Homestead exemption is a constitutional guarantee that reduces the assessed value of residential property up to $25,000 for qualified permanent residents.



What is the additional homestead exemption?

Amendment 1 passed in January 2008 providing for an additional homestead exemption of up to $25,000 to home owners whose homes have an assessed value of more than $50,000. This additional exemption does not apply to the school board millage.



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