What is the Residential Homestead Exemption?

The Residential Homestead Exemption is essentially a tax break offered for homeowners. The exemption reduces your property taxes by lowering the value of your home’s taxable value that the tax liability is based on.  For example, if your home’s appraised value is $100,000 and you qualify for a $15,000 homestead exemption, then your tax liability … [Read more...]