The City offers three (3) property tax exemptions to property
owners:
·
The over-65
exemption is for property owners who are
65 years of age or older and claim their residence
as their homestead. This exemption is a maximum of
$65,000
of taxable valuation.
·
The disabled
veterans exemption is applicable to a veteran of the armed
services who is classified as disabled by the Veterans’
Administration. This exemption ranges from
$5,000
to $12,000
and is based on the disability rating of the veteran.
·
Effective for
tax year 2005, a disabled individual would qualify for a
$12,500
disabled residence homestead exemption if they meet the
definition of disabled for the purpose or receiving disability
insurance benefits under the Federal Old Age, Survivors and
Disability Insurance Act administered by the Social Security
Administration.