You may be eligible for the primary residential exemption if you occupy your home for 183 consecutive days or more in a calendar year. A homestead exemption reduces the amount of property taxes homeowners owe on their legal residence.So, a homestead exemption is a legal provision designed to protect the value in a principal dwelling place. Douglas County has additional exemptions. The homestead exemption could be limited to any political subdivisions that do not already have an existing homestead exemption. Under the amendment, counties, consolidated governments, municipalities, or local school systems could choose to opt out of the homestead exemption. Most states do not require businesses to itemize personal property if their totals are under the exemption threshold. What if you lived in more than one locality in the same state during 2024? Homestead: This exemption can help homeowners reduce state property taxes and protect surviving spouses from creditors. However, even taxpayers who use their home as their primary residence may qualify for the Homestead Exemption.
