This exemption freezes the taxable assessment on your property, but does not freeze the tax rate. If eligible, this exemption may be claimed in addition to the Owner Occupied General Exemption, Home Improvement Exemption, and the Senior Homestead Exemption. The actual taxes which you pay may continue to change based on the amounts levied by the taxing bodies where you reside (School District, Sanitary District, County, City, Township, etc.,) The filing deadline for this exemption is July 1st of each year.
Have a maximum gross household income of $65,000. (Gross household income includes all persons using the property as their principal dwelling on January 1st of the assessment year).