| Homestead exemptions are
filed with the Tax Assessors office in Canton. |
| Real Property
Exemptions - Effective July 1,2008 may apply at anytime prior to
April 1st of effective year. |
| requirements for all
exemptions: |
- the applicant must own and reside on the property on or
before January 1st of the year the exemption is effective
- any age, income, and/or disability requirements must be
verified
- deadline - April 1st of effective tax year
|
| Homestead Exemption - ES 1 |
- must own and reside on the property on or before
January 1st of the effective tax year
- if qualified, you will receive an assessment reduction
of $2,000.00 off the assessed value of state and school and $5,000 off
the assessed value for county.
|
| Double Homestead Exemption - ES4 EL4 ESC - over
65 |
- must be 65 years of age or older on or before January
1st of the effective tax year
- must own and reside on the property on or before
January 1st of the effective tax year
- the net income for applicant and spouse cannot exceed
$10,000 for 2010 NOTE: applicants and their spouses combined are allowed
up to $55,742 (changes yearly) additional retirement and/or social
secirity income
- if qualified, you will receive an assessment reduction
of $5,000 on your assessed value for county taxes and $4,000 for state
and 143,390 for school taxes
|
| Elderly School Exemption - EL3 ES3 - over 62 /
SG |
- must have homestead exemption
- must be 62 years of age or older on or before January
1st of the effective tax year
- if qualified, you will be exempt from school taxes only
up to ($358,475 fair market value) or (143,390 of assessed value)
- exemption will come only on one (1) dwelling on said
property
- unmarried surviving spouse of a firefighter or peace
officer killed in the line of duty
|
| Disability School Tax Exemption - EL6
ES1 |
- must have homestead exemption
- must have letter certified by a medical doctor as being
100% disabled on or before January 1st of the effective tax year
- if qualified, you will be exempt from school taxes only
up to ($358,475 fair market value) or ($143,390 of assessed value)
|
Disabled Veteran's Exemption ES5
Disabled
Veteran Widow Exemption ES5 |
- must be certified by the Veteran Administration and/or
a medical doctor as having a 100% service connected disability on or
before January 1st of the effective tax year
- if qualified, you will be exempt $50,000.00 off the
assessed value--applies to both county and school M&O.
NOTE: if certified by the VA and/or a medical doctor,
proof of an honorable discharge must be submitted
- if receiving a check from the VA, talk with their
office for a letter of recommendation
- widow can not be remarried to qualify for disabled
veteran’s exemption
- if receiving a check from veterans, check with there
office for letter of recommendation
|
| Increase Exemption |
- may not have regular or double homestead exemption
- must be 62 years of age or older on or before January
1st of the effective tax year
- total household income from all sources for the
previous tax year cannot have exceeded $30,000.00
- exemption only applies to assessment increases on
residence and up to 5 acres that the residence stands upon
- does not include any county bond, school and municipal
taxation
|
