Home buyer’s Information
As a Homeowner, We believe you should know that you have a few help to protect your Dwelling and also to reduce the property tax payment, And these two are the most important.
What is a Homestead Declaration?
A homestead declaration is a written statement, made under penalty of perjury, that claims a particular “dwelling” (i.e. a house, condominium, boat, or similar property) as the owner’s principal place of residence. In order to protect a home against a loss to creditors, a homestead declaration must be (1) signed by a homeowner, (2) acknowledged (i.e. notarized) by a notary, and (3) recorded.
What is a Homeowners Exemption?
If you own a home and occupy it as your principal place of residence on January 1, you may apply for a Homeowners’ Exemption. This exemption will reduce your annual tax bill.
If you build or acquire a home, and there was no exemption on the annual tax roll, you may apply for a Homeowners’ Exemption on the supplemental tax roll.
In order to qualify, you must occupy the home within 90 days of the completion of new construction or the change in ownership.