To Qualify:

-

Property must be Residential owner-occupied on January 1st of the eligibility year.

-

Improvement to property must actually cause the assessment to increase.

-

Property must be a residential single family home, town home, or condominium.

Documents Needed:

None.

Process:

When the improvement is completed, our office will send out a field inspection team and confirm the nature and extent of the improvement. Our office will then calculate the assessment increase and post it on your property record card. The exemption amount will match the assessment increase amount. The exemption amount is limited to a maximum of $25,000 per property at any one time.

No action is required by the property owner.

Effect:

The Homestead Improvement Exemption exempts from taxation that portion of any assessment increase caused by the improvement made to the property. The exemption amount is limited to a maximum of $25,000 per property at any one time. The exempted amount is valid for 4 years only.

Questions? Call our office at 630-653-5220.