Beware of Scams
Unfortunately, there are some firms that attempt to make money from the homestead property tax exemption. What these firms do is tell you they will file for the exemption on your behalf for a fee. In every state, it is free to file for your exemption and if you don't understand how to do it, your state or local revenue department can help you at no cost.
Other companies collect fees upfront and tell homeowners they are eligible for more than one homestead tax exemption. They may imply you will qualify for up to four or five exemptions. In most cases, this is not true and these firms often gear these scams toward the low-income or the elderly.
Homestead property tax exemptions can lower real estate taxes. While the most popular is sheltering part of the value of your home and paying taxes on a lower valuation, other exemptions include school exemptions, farm and land exemptions, and various county exemptions.
Check the Taxes By State website or call your county assessor, your accountant, or your state's taxation and revenue department to find out which exemption you qualify for as a homeowner.
Photo credit: Property Tax Due by Xthylacine