If you own and occupy your home as your principal place of residence, you may be eligible for an exemption of up to $7,000 off the assessed value.
• You must be a property owner, co-owner, or a purchaser named in a contract of sale.
• You must occupy your home as your principal place of residence as of 12:01 a.m., January 1 each year.
• Principal place of residence generally means where:
a. you return at the end of the day
b. your vehicle is registered
c. you are registered to vote
d. your mail is delivered
• A dwelling does not qualify for the exemption if it is, or is intended to be, rented, vacant and unoccupied, or the vacation or secondary home of the claimant.
• For the year in which you occupy the dwelling on lien date (January 1), the full exemption is available if you file by 5:00 p.m. on the following February 15.
• If you file a claim between the following February 16 and 5:00 p.m. on December 10, 80% of the exemption is available.