This exemption effectively freezes your assessment at a base year causing your net assessment not to increase. This does not freeze your taxes, only your assessment.
Who can qualify for this exemption?
A property must be the principal residence of the owner for the beginning of two consecutive years, and the owner must be 65 or older by December 31 of the tax assessment year and meet certain household income requirements. The maximum household income for this exemption is $55,000.
How do I apply for this exemption?
You must apply for the exemption with the County Assessment Office. You can get an application