If you own and occupy your home as your principal residence, you may be eligible for an exemption of up to $7,000 off the property's assessed value, resulting in a property tax savings of approximately $70 annually.
Any property owned by and is the principal residence of a veteran is eligible for exemption from part or total value of the property.
Churches exclusively conducting religious worship are eligible for an exemption on buildings and land on which the improvements are constructed, including parking lots and equipment, whether owned or leased, as of the lien date (Jan. 1).
The welfare exemption is only available for real and personal property owned and used exclusively by non-profit organizations formed for religious, scientific, hospital or charitable purposes.
