Homestead and Disability Exemptions

Property owners who are turning 65 or older may be eligible to receive the Homestead Exemption.

  • The taxpayer must both own and maintain the property as his or her primary residence as of January 1st.
  • The current exemption amount is $40,500 and is deducted from the taxable assessed value; a tax bill will be issued for any property assessed at more than $40,500. Do keep in mind that if your assessment is less than $40,500 that you could still have a property tax bill because of the 911 fee and fire dues on property taxes. The exemption will not wipe those fees and dues off.
  • Only one exemption is allowed per household.

 

An application must be completed and filed in the Property Valuation Office along with documentation verifying age. Appropriate documentation might include Medicare cards issued by Social Security, birth certificates, and driver’s license.

Property owners who have been declared 100% disabled for the previous twelve (12) months by any public or private retirement system may be eligible for the Disability Exemption in the amount of $40,500 off of their assessment.

  • The taxpayer must both own and maintain the property as his or her primary residence as of January 1st.
  • The taxpayer must have been classified as totally disabled under a program authorized or administered by an agency of the United States Government, or any retirement system either within or outside the state of Kentucky on January 1st for the year in which the application is made and maintain the disability classification through December 31st.
  • The taxpayer must be receiving disability payments pursuant to that disability classification.
  • Proof of continued disability must be provided every year.

 

The most common governmental agency under which a taxpayer can obtain a totally disabled classification is Social Security/SSI. Other programs include the Veterans Administration and the Teacher’s Retirement System.

To apply, complete the Homestead/Disability Exemption Form and submit with proper documentation to:

Eli Anderson

Grant County PVA
101 N Main St Room 15
Williamstown, Ky 41097

Please contact our office at (859)824-6511 or reach out to us on our Facebook page with any questions regarding this application.