Persons who are 65 years of age or older, or permanently and totally disabled, are entitled to an exemption from property taxes on the first $20,000 of assessed value on their owner-occupied residence. A homeowner who is living with family members or in a nursing home or other facility as a result of illness, accident, or infirmity of old age may retain a homestead exemption and Class II property designation as long as the property is not used for commercial purposes or becomes a residence of any other individual.
- The exemption applies to residences including mobile homes on leased land.
- Persons wishing the exemption must make application to the assessor on or before December 1st following the July 1st assessment date, if he/she is going to be 65 before the next July 1st, using form PTD 12:07.
- There is no need to re-file unless claimant moves to a new residence.
- Disabled claimants must notify assessor within thrity (30) days if claimant is no longer disabled.
- Applicants must occupy their homestead for more than six (6) consecutive months each year.
- Applicants must show proof of legal residency and property tax payment for two (2) taxable years prior to filing application.
- If the assessor denies an application, they must notify applicant of reasons and the right to appeal to the county commission.
- Applicants must appeal to the county commission within thirty (30) days of notice of denial.