Taxable value (homestead, additional exemptions)

Question 1

What is the taxable value if the assessed value of a homestead property is less than $50,000?

Answer 1

base exemption - $25,000

This applies to the city taxes, county taxes, and school board taxes

Question 2

What is the taxable value if the assessed value of a homestead property is greater than $75,000?

Answer 2

• base exemption - $25,000
• This applies to city taxes, county taxes, and school board taxes.
• There is an additional $25,000 exemption from city taxes & county taxes only.
• (So, they will be 2 separate calculations)

Question 3

What is the exemption for widows & widowers?

Answer 3

$5,000

Question 4

What is the exemption for legally blind?

Answer 4

$5,000

Question 5

What is the exemption for totally and permanently disabled nonveterans?

Answer 5

$5,000

Question 6

What is the exemption for totally and permanently disabled quadriplegics?

Answer 6

100% tax exempt if homestead property

Question 7

What is the exemption for totally & permanently disabled first responders and surviving spouses?

Answer 7

100% tax exempt if homestead property

Question 8

What is the exemption for at least 10% disabled by misfortune or during wartime service?

Answer 8

$5,000

Also applies to surviving spouse who was married to the veteran for at least five years on the date of death

Question 9

What is the exemption for service-connected, totally disabled veteran?

Answer 9

100% tax exempt on homestead

Also applies to surviving spouse

Question 10

What is the exemption for surviving spouse of veteran who died while on active duty?

Answer 10

100% tax exempt on homestead