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Last Updated: 3/20/2012

Homestead Market Value Exclusion

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​Property that is homesteaded is eligible to receive the Homestead Market Value Exclusion. The Homestead Market Value Exclusion causes the amount of value that is taxable to be reduced by excluding a portion of a property's estimated market value.

The following documents provide detailed information about how the Homestead Market Value Exclusion is administered and calculated.

Homestead Market Value Exclusion Bulletin and Calculation Examples

Market Value Exclusions: A Primer for Local Governments

Understanding Recent Changes in Homestead Benefits: A Guide for Taxpayers