Who qualifies for the Principal Residence/Homestead exemption?
If you own and occupy your principal residence, it may be exempt from a portion of your local school operating taxes. To claim an exemption, you must complete the Principal Residence Exemption Affidavit and file it with the Assessor s office by May 1st of the year of the claim. The Assessor s Office will adjust your taxes on your next property tax bill. Note that this is an exemption from part of the taxes and does not affect your assessment. You must own and occupy your principal residence to receive this exemption. Owning means you hold the legal title to the principal residence or that you are currently buying it on a notarized or recorded land contract. Renters should NOT file this form. Occupying means this is your principal residence, the place you intend to return to whenever you go away. It is the address that appears on your driver s license or voter registration card. You may have only one principal residence at a time. Vacation Homes and Income property which you do not occu
