Property tax exemptions helps one lower overhead expense, especially senior citizens, veterans, those with disabilities. Below are some of the property tax relief programs that are available:
Property Tax Exemptions One Can Qualify For
- Homeowner Exemption. Most homeowners are eligible for this exemption if they own and occupy the property as their principal place of residence. This allows you to protect a certain amount of your property from taxation.
- Senior Exemption. Every state has different criteria to qualify and different rates. In New York, those who qualify get a hefty fifty percent cut off their property tax bill.
- “Senior Freeze” Exemption – The freeze is based on income level for that currant tax year that the “freeze” is in effect.
- Persons with Disabilities Exemption. Different states have different qualification rules. Google your state to see what disabilities and verification are needed to qualify.
- Returning Veterans Exemption. Might be a one-time $5,000 reduction to a homes’ equalization rate (if the towns has been recently assessed at 100% of market value that equalization rate is 100%)
- Veterans with Disabilities Exemption. A lower tax bill results with this kind of disability exemption when certified with the U.S. Department of Veterans Affairs.
- Long-Time Homeowner Exemption. This exemption depends on locality. Some towns provide for this kind of property tax exemption if the owner can provide proof of having lived in a residence for over ten years and having a total household income of less than $100,000.
- Home Improvement Exemption. This exemption depends on the even and the locality. Could be as a result flooding repairs. In some areas, added improvements are not taxed for a few years.
Whenever there is a question, one should jump on Google for answers. If no satisfaction is found, one should contact their municipal property tax assessor for a definitive answer.
Not all properties are taxable. Organizations such as religious organizations or government facilities are fully exempt from paying property taxes. Others real estate and property owners can be partially exempt as the aforementioned if they qualify for and are eligible.

Property Tax Appeal Help
Often, property taxes are over-assessed on properties for both residential homeowners as well as commercial businesses. If one doesn’t check on the accuracy of the assessment, nothing changes. You’ll not be able to get reimbursed for overpaying your property tax.
We offer 3 free aids that will make that task easier. Our rescue mission is for anyone to determine their property valuation as of a certain time and date. Especially, to validify a property tax assessment be it for residential real estate or a commercial business property.
We will supply you with FREE access to review and assess the true market value of your home and property which will help demystify what any property tax assessors’ valuation has placed on a property. Discover, is that property tax assessment realistic or is it in error.
To help you in that process we offer you free access to FREE Resources
1. Mind Map for a Winning Property Tax Appeal
2. Property Tax Adjustment Category Worksheet
3. Free Access To All Comparable Sold Homes In Your Area
Google: Property Tax Exemptions For Your County Example
As previously mentioned, one can Google for their town’s exemption categories. Here’s a sample of property tax exemptions one could qualify for in Cook County: https://www.cookcountyassessor.com/Exemptions