The start of the new year and tax season means it’s time to take advantage of the Homestead Exemption. Homestead what?
Not only do you get to swell with pride every time you pull into your driveway, being a homeowner also means you can take advantage of some serious tax savings via Homestead Exemption.
So what the heck is a Homestead Exemption?
1. A homestead exemption is a legal provision that helps shield a home from some creditors following the death of a homeowner spouse or the declaration of 2. A state or local tax break that exempts a certain amount of the value of property upon which a property tax is based.
3. A means by which a homeowner can reduce the amount of taxes owed on the property if the property is used as the…