TaxReport.info is a tax help site for you about filing your tax returns
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Taxreport.info--Tax Information, Tax Advice, Tax Tools, Tax Software, Tax Consulting, Tax Preparation, Tax Heaven and Tips on saving Tax
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Complete information for you about filing your tax returns,tax report, methods to save tax, tax tips and advice. Help and guidance on tax process.
Excerpted from the website:
- Who qualifies for a bigger homestead exemption?
- Owners of homesteads with an assessed value of more than $50,000 will be eligible for an additional $25,000 exemption on their property tax bills. That exemption would be applied to the value of their home worth $50,000 to $75,000 and would affect only county, city and special taxing district assessments, which account for about 60 percent of most tax bills. Those with a home valued at less than $50,000 would not see any additional savings.
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