The Homestead Exemption provides seniors age 65 or older, or those permanently and totally disabled, a property tax credit on their annual real estate tax bill. In Montgomery County, the average savings is more than $600 for those who enroll and qualify. In order to qualify for the Homestead Exemption, a homeowner must own and occupy the home as primary place of residence. They must also be 65, or will reach 65 by Dec. 31 of the year in which they apply. Beginning in tax year 2014, new Homestead Exemption applicants are subject to an income means test. For 2016, the adjusted gross income is $31,800 for applicants and spouses.
The man’s question pertained to his garage. For several years the real estate tax for his garage has been $1. This year the tax was increased to $112. He had called in an effort to find out why, and was simply told he was kicked off, but was not provided with a reason. He was seeking to learn why the real estate tax for his garage had increased.