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The latest change to the homestead exemption law is great for new owners.
The homestead exemption allows you to exempt a portion of your primary residence’s value from property taxes. In the past, you had to wait a year after you bought a home to be able to claim your homestead exemption. New changes to the law make it so you can actually take that deduction in the first year.
That’s great news if you’re a homeowner who bought a piece of real estate in 2021. Make sure to go to your county tax assessor’s website and fill out the appropriate homestead exemption forms. If you bought a home with my team last year, I’ve already emailed that information to you.
If you have questions, feel free to reach out to me by phone or email. I look forward to hearing from you.