What is the Kentucky Homestead Exemption?

The Kentucky Homestead Exemption is a property tax benefit designed to provide financial relief to eligible homeowners, particularly senior citizens and disabled individuals. This exemption allows qualifying homeowners to reduce the taxable value of their primary residence, which can significantly decrease their property tax burden. To qualify for the Homestead Exemption, applicants must be at least sixty-five years old or have a total and permanent disability. The exemption applies to a certain amount of the assessed value of the home, which may vary based on changes in legislation. Homeowners interested in utilizing this exemption must complete an application, which can be found on the Kentucky Department of Revenue's website. The application generally needs to be submitted by a certain deadline to take effect for that tax year. For specific details and to verify eligibility, it is recommended to refer to the current web page of the Kentucky Department of Revenue.