Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address.Determine your home's current market value. You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. Though all property is assessed, not all of it is taxable. See a list of common property tax exemptions in New York State. Homestead exemption protect property assets from probate. Properties recognized under laws of homestead are off-limits to creditors seeking attachment. To claim your exemption, you'll need to file a Declaration of Homestead. Homestead exemptions protect homeowners in financial distress from losing their entire property holdings to their creditors.
