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Disabled? Turning 65 this year? Apply for Homestead Exemption

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Carroll County Property Valuation Administrator Rob Robertson announced that the Homestead Exemption on real estate for the 2013-14 exemption represents a $2,000 increase over the 2011-12 exemption.

This means that eligible property owners will not pay taxes on the first $36,000 of their assessment.

Carroll County tax rates for 2013 haven’t been set, so an exact amount of savings to persons receiving the exemption cannot be determined.

However, based on last year’s tax rates, Carroll County property owners may save between $318 and $4,454 depending on the tax district in which they live.

To qualify for the 2013 Homestead Exemption, a person must be 65 years old or older, or turn 65 during 2013. A person turning 65 anytime during 2013 can apply now and does not need to wait until his or her actual birthdate.

Anyone who has previously applied for the Homestead Exemption does not need to re-apply.

To qualify for the Disability Homestead Exemption, a person must have been classified as totally disabled by any public or private retirement system and must maintain this classification for the entire year.

Anyone who has previously applied for either the Homestead Exemption or  the Disability Exemption need not re-apply. Eligible property must also be owned, occupied and maintained by the taxpayer as their personal residence. For more information,  call Robertson at  (502)732-5448.