Get Homestead/farmstead Exclusion - Courthouseonline

A homestead / farmstead property is a dwelling primarily used by an owner as his or her permanent home, so it's important to identify the definition of owner under the act: A joint tenant or tenant in common. A person who is purchasing real property under a contract. A partial owner.

Once we accept your application, you never have to reapply for the exemption, even if the amount of the exemption changes. You will receive property tax savings every year, as long as you continue to own and live in the property.

Farmers can be eligible for a farmstead exclusion that provides tax relief to buildings used for agricultural purposes, and a homestead exclusion which provides tax relief to the primary residence. The exclusion would be applied to the clean and green assessed value.

Under the map, find the words HOMESTEAD EXEMPTION. If you're signed up, the word “Yes” appears directly below. Another easy option is to call the Homestead hotline: (215) 686-9200. There is more information about this program, and how to apply on our website.

For homesteads valued at $95,000 or less, the exclusion is 40% of the market value, creating a maximum exclusion of $38,000. The exclusion is reduced as property values increase and phases out for homesteads valued at $517,200 or more.

The Homestead Exemption reduces the taxable portion of your property's assessed value. With this exemption, the property's assessed value is reduced by $100,000. Most homeowners will save about $1,399 a year on their Real Estate Tax bill starting in 2025.

You must own the property and live in it as your primary residence to qualify. If you no longer qualify for the Homestead Exemption you must file the change or removal form. Description: Use this form to apply for the Homestead Exemption on your Real Estate Tax.

Age requirements A person aged 65 years or older, A person who lives in the same household with a spouse who is aged 65 years or older, or. A person aged 50 years or older who is a widow of someone who reached the age of 65 before passing away.