Real Estate Taxes Flashcards
1
Q
Immune Properties
A
Property owned by federal, state and local governments
2
Q
Exempt properties
A
Property owned by churches, non-profits
3
Q
Homestead Exemption
A
own title and permanent residence as of jan 1 of the year of filing
up to $25K of assessed value
160 acres or .5 acre
4
Q
Exemption for Widow, widower, blind and total / per, disabled non- veteran
A
additional $500
5
Q
Exemption for disabled vet
A
additional $5000
6
Q
addition to homestead
A
up to $25K on properties valued from 50K- 75K
7
Q
Entire $50K exemption for
A
properties valued over $75K
