Homestead Exemption by State 2026: Complete Guide
Published: June 23, 2026 | Updated: June 23, 2026
Disclaimer: Homestead exemption rules vary by state and county. Consult your local tax assessor's office for exact amounts and eligibility.
What is Homestead Exemption?
Homestead exemption is a tax break that reduces the assessed value of your primary residence, lowering your property tax bill.
💡 Example: If your home is worth $300,000 and your state has a $50,000 homestead exemption:
Taxable Value = $300,000 - $50,000 = $250,000
You only pay property tax on $250,000, not $300,000. At a 1.5% tax rate, you save $750/year.
Homestead Exemption by State (2026)
The following table shows homestead exemption amounts for all 50 states. Note: Some states have county-level exemptions that vary.
| State | Homestead Exemption | Eligibility |
|---|---|---|
| California | $7,000 (Prop 13) | All homeowners |
| Texas | $100,000 (2026) | All homeowners |
| Florida | $50,000 | Permanent residents |
| New York | $30,000 (STAR) | Income limits apply |
| Pennsylvania | Varies by county | All homeowners |
| Illinois | $6,000-$10,000 | All homeowners |
| Ohio | $25,000 | All homeowners |
| Georgia | $2,000-$10,000 | All homeowners |
| North Carolina | $25,000 (seniors) | 65+ or disabled |
| Michigan | $40,000 | All homeowners |
Note: This is a partial list. See our Homestead Exemption Calculator for all 50 states.
How to Apply for Homestead Exemption
Step 1: Check Eligibility
Most states require:
- The property is your primary residence (not a vacation home or rental)
- You own the home (not renting)
- You occupy the home on January 1 of the tax year
- Some states have income limits (e.g., New York STAR program)
Step 2: File an Application
Contact your county tax assessor's office to file a homestead exemption application. Typically:
- File by March/April deadline (varies by state)
- Provide proof of residency (driver's license, voter registration)
- Provide property deed or title
- Pay a small filing fee ($5-$25, some counties free)
Step 3: Renew (if required)
Some states require annual renewal, while others are automatic once filed. Check with your county.
Special Homestead Exemptions
Senior Homestead Exemption (65+)
Many states offer additional exemptions for seniors:
- California: Additional $4,000 (Prop 19)
- Texas: Additional $10,000-$25,000 (varies by county)
- Florida: Additional $25,000 (Portability)
- Georgia: Additional $4,000-$10,000
Disabled Homestead Exemption
Homeowners with disabilities may qualify for additional exemptions:
- Typically requires SSA disability certification or doctor's note
- Exemption amounts vary: $5,000-$50,000
Veteran Homestead Exemption
Many states offer 100% exemption for disabled veterans:
- Texas: 100% exemption for 100% disabled veterans
- Florida: Up to $121,070 exemption for veterans
- California: $4,000 exemption for veterans
Calculate Your Homestead Exemption Savings
Use our free Homestead Exemption Calculator to estimate your savings.
Example Savings Calculation
If your home value is $300,000 and homestead exemption is $50,000:
Annual Savings: $750 (at 1.5% tax rate)
Over 10 years: $7,500 in savings!
State-Specific Homestead Exemption Guides
- California Property Tax Guide - Prop 13, Prop 19
- Texas Property Tax Guide - $100,000 exemption (2026)
- Property Tax Rates by State - Compare all 50 states
FAQ: Homestead Exemption
Can I have homestead exemption on two homes?
No. Homestead exemption applies only to your primary residence. You can't claim it on a vacation home or rental property.
Do I need to reapply every year?
In most states, no. Once you file, the exemption is automatic. However, some states (or counties) require annual renewal. Check with your tax assessor.
Can I transfer my homestead exemption to a new home?
In some states, yes:
- Florida: Portability allows transferring Save Our Homes benefit (up to $500,000)
- California: Prop 19 allows transferring tax basis to new home (with limits)
- Texas: No portability, but you can file for exemption on new home
Related Resources
- Homestead Exemption Calculator - Calculate your savings
- Property Tax Calculator - Estimate your tax bill
- Appeal Your Assessment - Lower your tax bill
- Property Tax FAQ - Common questions