What is a Special Assessment Level?
A special assessment level will "freeze" the assessed value of your homestead property. In other words, the property value at the time the freeze is applied will not change during future reassessment periods. The special assessment level will remain the same for as long as the applicant owns and resides in the home and income does not exceed the maximum income set by the legislature. This special assessment level will be lost if improvements more than 25% of the home's value are added.
Special Assessment Levels Available to All Taxpayers
Age 65 Freeze
- At least one owner of the home must be age 65 or older.
- Adjusted Gross Income, combined for all owners, cannot exceed $102,700 for that current year.
- Required Documents: Driver's License or Birth Certificate, Federal Tax Return
Disability Freeze
- Owner of the home must be permanently and totally disabled.
- Adjusted Gross Income, combined for all owners, cannot exceed $102,700 for that current year.
- Required Documents: Disability Awards Letter, Driver's License or Birth Certificate, Federal Tax Return
Special Assessment Levels Available Only to Veterans
Disabled Veterans Freeze
- Owner of the home must have a service-connected disability with a 50% or higher disability rating.
- Adjusted Gross Income, combined for all owners, cannot exceed $102,700 for that current year.
- Required Documents: Disability Awards Letter, Driver's License or Birth Certificate, Federal Tax Return