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Property Tax Exemptions Special tax incentives are available on property that meets
certain criteria. Homestead
Exemption - Every person who has legal or equitable title to real
property and who resides on the property is eligible for a homestead exemption. Homestead
Improvement - Homeowners who have made improvements to properties
used exclusively for residential purposes may qualify for the homestead
improvement exemption. Platted
and Subdivided Land - In counties with less tan two million
inhabitants, the improvement of certain platted and subdivided land may qualify
for a preferential assessment. Environmental
Incentives - For example, when a solar energy system has been
installed as an improvement on any real property, the owner may claim an
alternate assessment. Other Possible Exemptions Include:
Prepayment
of Property Taxes - Discounts are available to taxpayers who want to
prepay property taxes on the installment plan. Tax
Deferral - You may elect to defer payment of part of the ad-valorem
(property) taxes. For additional information as to the number of years, total
amounts that may be deferred, and interest on deferred taxes, contact the local
tax collector. Please refer to your local taxing authority for detailed information concerning eligibility and the necessary documents and forms required to apply for tax exemptions.
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Disclosure
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