Homestead Exemption Explained 2022 - Everything you need to know about Homestead Exemptions

Want to know what the homestead exemption is all about? What benefits do you get as a homeowner when you apply the homestead exemption?

In this video I break it all down. I share the benefits of the homestead exemption and how to apply it to your home.

Homeowners in many states are eligible for a homestead exemption, which can significantly reduce the amount of property taxes they owe. The homestead exemption applies to the principal residence of the taxpayer, and it can exempt a portion of the home's value from taxation. The amount of the exemption and the eligibility requirements vary by state, but homestead exemptions can be a valuable way to lower your property tax bill. If you think you might be eligible for a homestead exemption, check with your county assessor's office or state tax department for more information.

0:00 Intro
0:16 Benefits of Homestead Exemption
0:48 What is the Homestead Exemption?
1:36 How You Save Money with the Homestead Exemption?
2:17 Homestead Exemption Eligibility
3:16 Criteria for General Exemption
4:14 Legal Benefits and Liability Protection of Homestead Exemption
5:57 Ashley Williams Creamer Case

About
🌎 The homestead exemption is a tax relief program that helps to reduce the taxable value of your home. To qualify, you must be a legal resident of the state in which you file for the exemption and own the home that you claim as your primary residence. The amount of the exemption varies from state to state, but it can often be significant. In some cases, it can even result in a tax refund. If you believe that you may qualify for the homestead exemption, contact your local tax office for more information.

👋 Jaime Resendiz, 0686451
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🔎 Sources: Niche, Wikipedia, TravelTime, Census, Google, NTREIS
😀 Info provided is opinion and for entertainment purposes.
💰 Links shared may be affiliate links to products or services. We may receive a commission, discount or benefit for purchases made through these links.

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