Homestead Exemption 2019 - Enjoy Property Tax Savings with Mathurin Realty

Introduction to Homestead Exemption

Welcome to Mathurin Realty's comprehensive guide on the Homestead Exemption 2019. In this detailed article, we will explore the benefits of Homestead Exemption, how it can save you on property taxes, and how our team at Mathurin Realty can assist you in maximizing your savings through this program.

What is Homestead Exemption?

Homestead Exemption is a property tax reduction program that helps homeowners save money on their property taxes. It provides relief by exempting a portion of the assessed value of a primary residence from taxation.

How Does Homestead Exemption Work?

When you qualify for Homestead Exemption, a specified percentage or fixed amount of your home's assessed value is exempted from property taxes. This means you only pay property taxes on the remaining portion of the assessed value, effectively reducing your overall tax burden.

Benefits of Homestead Exemption

By taking advantage of the Homestead Exemption program, you can enjoy several benefits:

• Property Tax Savings: Homestead Exemption reduces the taxable value of your home, resulting in lower property tax bills.
• Asset Protection: Your primary residence is considered an essential asset, and Homestead Exemption helps protect it from certain creditors.
• Peace of Mind: Knowing that you have reduced property tax obligations can ease financial stress and provide more room for savings or investment.

How to Qualify for Homestead Exemption

Qualifying for Homestead Exemption varies by location, but generally, you need to meet the following criteria:

Primary Residence:

To claim Homestead Exemption, you must own and reside in the property as your primary residence. Rental properties, vacation homes, and investment properties usually do not qualify.

Residency Requirements:

Most jurisdictions require you to have been a permanent resident of the state and typically living in the property as of January 1st of the tax year.

Ownership Documentation:

You must provide proof of ownership, such as a deed or purchase agreement, to establish that you are the rightful owner of the property.

Application Process:

Each jurisdiction has its own application process and deadlines for Homestead Exemption. Our team at Mathurin Realty will guide you through the necessary steps and assist you in preparing the required documentation to ensure a smooth application process.

Contact Mathurin Realty for Homestead Exemption Assistance

At Mathurin Realty, we understand the importance of Homestead Exemption and its potential for significant property tax savings. Our team of experienced professionals will work closely with you to determine your eligibility, guide you through the application process, and help you maximize your benefits.

Don't miss out on the opportunity to save money and protect your primary residence. Contact Mathurin Realty today to get started with your Homestead Exemption application!

Conclusion

Homestead Exemption offers homeowners a fantastic opportunity to reduce their property tax burden. By partnering with Mathurin Realty, you will have access to a dedicated team that is well-versed in Homestead Exemption laws, regulations, application processes, and strategies to help you maximize your savings.

When it comes to your primary residence and saving money, Mathurin Realty is your trusted partner. Let us help you navigate the Homestead Exemption 2019 for a brighter and more financially secure future.