A Homestead Deed is a list of property that a debtor otherwise would lose to a creditor that the debtor wants to protect from creditors. I'm a first time homeowner and having trouble understanding my options to possibly lower my property tax, can anyone please help me?Fairfax County provides real estate tax relief and car tax relief to citizens who are either 65 or older, or permanently and totally disabled. The exemption is granted to eligible applicants on an annual basis. An applicant must reapply for eligibility no later than May 15 of each taxable year. The percentage of tax that is exempted varies based on household income and net worth. The exemption applies to the home and up to 3 acres. The City Assessor's Office administers a program to encourage both homeowners and businesses to rehabilitate their properties and in return not pay full taxes. Virginia ("Post-1971 Property Exempt From Taxation By Designation")? Real estate tax relief for seniors and people with disabilities is granted on an annual basis and a renewal application must be filed each year.
