What are Homeowner Areas and Homestead Exemptions?
A Homeowner Area is a state where the taxing authority issues the tax bills directly to the homeowner and not to the lender. Homestead Exemption homeowners are allowed a value exemption from their total property tax assessment if the mortgagor physically occupies the property. To verify if your taxing authority allows homestead exemptions, please contact your taxing authority directly. If your taxing authority allows homestead exemptions, you will need to submit an estimated tax bill to your taxing authority for review or adjustment. Please refer to your tax statement for the specific taxing authority in your area.
