What Is the Difference Between Exemption And Deferral?
Exemption means exempt taxes will not be billed or owed later. Qualifying participants with income of $28,611 or less per year may receive a tax exemption of 100%, but only up to average assessed value of $203,386. If the assessed value exceeds the average, the homeowner may elect to be billed or defer any remaining taxes in the excess average value.


Deferral means taxes will be paid to the city upon the sale of the dwelling or from the estate of the decedent. more...

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1. Is there an exemption for disabled veterans?
2. Is there an age requirement for disabled citizens?
3. What proof is needed to establish that a person is permanently and totally disabled?
4. What is the Application Timeline?
5. What Are Some Examples Of Income?
6. What Are Some Examples Of Assets?
7. What Is the Cap Amount? How Will It Impact Potential Benefits?
8. What Is the Difference Between Exemption And Deferral?
9. How Will This Affect My Mortgage Company?
10. In Order To Apply Does The Real Estate Have To Be "Free And Clear"?
11. How do I obtain an application?
12. How do I submit my completed application?