Exemption Information

Annual Homestead Exemption (AHE)

The annual homestead exemption lowers the equalized assessed value of an owner occupied residence. A residential property must be owner occupied as of January 1st of the assessment year to qualify. The exemption may be prorated for new construction.

The current exemption amount is $8,000.

Homestead Improvement Exemption (HIE)

The homestead improvement exemption defers for four years any increase in the assessment of your property due to a home improvement for which the township assessor would add value. A residential property must be owner occupied to qualify.

The maximum homestead improvement exemption amount is $75,000 market value (which would result in a maximum assessment exemption of $25,000).

Senior Citizens Homestead Exemption

The senior citizens homestead exemption lowers the equalized assessed value of an owner occupied primary residence.

• A residential property must be the owner occupied primary residence.
• The residence must be occupied by a person who has reached the age of 65 during or prior to the assessment year.

The current exemption amount is $8,000.

Senior Citizens Assessment Freeze Homestead Exemption

The senior citizens assessment freeze exemption freezes the assessment of an owner occupied primary residence. This exemption does not freeze the tax rate. A residential property owner must fulfill the requirements as explained on the application form (PTAX 340).

The residence must be occupied by a person who has reached age 65 during or prior to the assessment year. The 2026 maximum household income is $75,000. 2027 maximum household income will increase to $77,000 and 2028 maximum household income will increase to $79,000. After the 2028 year, the maximum income limitation will remain at $79,000 unless it is changed by the General Assembly. Maximum household income includes that of all persons using the property as their principal dwelling place as of January 1st of the assessment year.