Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
First-time Homestead Exemption applicants and persons applying for the Homestead Assessment Difference (Portability) can file online.
As of 2024, the federal homestead exemption is $27,900 for an individual and $55,800 for married couples filing jointly. In contrast, New York's exemption amounts are: $179,950 for the counties of Kings, Queens, New York, Bronx, Richmond, Nassau, Suffolk, Rockland, Westchester, and Putnam.
Estimated Reduction in Assessed Value New York State sets the rates for the Senior Citizen Homeowners' Exemption (SCHE) and the Disabled Homeowners' Exemption (DHE). SCHE and DHE provide an estimated reduction of 5 to 50% of an eligible property's assessed value.
The plan would provide up to an additional $25,000 homestead exemption for homeowners sixty-five years of age or older with a household income $28,482 a year or less.