Determine your home's current market value. Exemption applications must be filed with your local assessor's office.See our Municipal Profiles for your local assessor's mailing address. It is a local option to establish two separate property tax rates: a lower tax rate for residential property owners. You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. This guide breaks down everything you need to know, from who qualifies to how it can shield your home from certain debts and lower your property taxes. Gov or call (518) 457-2036. In bankruptcy, a homestead exemption protects equity in your home. Here, you'll find specific information about the homestead exemption in New York. Homestead exemption protect property assets from probate.
