Home Owner Exemption
You can receive the Homeowner Exemption if you own or have a lease or contact which makes you responsible for the real estate taxes of the residential property. It must also be used as your principal place of residence for the year in question.
Senior Citizen Exemption
The Senior Citizen Exemption provides tax relief by reducing the equalized assessed valuation of an eligible residence. This savings is in the form of a deduction on the second-installment real estate tax bill.
Senior Freeze Exemption
The Senior Freeze Exemption allows qualified senior citizens to apply for a freeze of the equalized assessed value (EAV) of their properties for the year preceding the year in which they first apply and qualify for this exemption.
Home Improvement Exemption
The Home Improvement Exemption allows you to increase the value of your home with up to $75,000 worth of improvements without increasing your property taxes for at least four years.
Returning Veterans' Exemption
Veterans returning from active duty in armed conflict are eligible to receive a $5,000 reduction in the equalized assessed value of their property only for each taxable year in which they return.
Disabled Veterans' Homeowner Exemption
Veterans with a service connected disability as certified by the U.S. Department of Veteran Affairs are eligible for this annual exemption. A disability of at least 75 percent is eligible for a $5,000 exemption in equalized assessed value (EAV). A disability of at least 50 percent, but less than 75 percent, is eligible for a $2,500 reduction in EAV.
Class 2 - Residential
All single family homes, town homes, condominiums, cooperatives, multi-family residential buildings and mixed-use property (residential and commercial) with no more than six units.
Class 3 – Apartment buildings with more than six units
All apartment buildings with more than six units. This class includes all improved real estate used for residential purposes which is not included in Class 2 or in Class 9.
Class 4 – Not-for-Profit
All non-residential real estate owned and exclusively used by a not-for-profit corporation in the furtherance of the purposes set forth in its charter.
Class 5 – Industrial / Commercial
Commercial: any real estate used primarily for buying and selling of good and services, or for otherwise providing goods and services, including any real estate used for hotel or motel purposes.
Industrial: any real estate used primarily in manufacturing.
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