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Homestead Exemptions

The Homestead Exemption is available to homeowners who fall in two categories: those who will be 65 years of age or over any time during the current tax year, or those who are disabled. Applicants must own, live in and maintain the home as their primary residence.

For 2012, Homestead Exemption is $34,000. This amount is deducted from the fair cash value assessment of a qualified applicant’s residence.

To receive the exemption because you are disabled, you must be classified as totally disabled under a public or private retirement system, receive disability payments from that system and have maintained the disability classification for the entire calendar year for which you seek the exemption. Except for disabled veterans, you must annually resubmit your disability verification before December 31.
In order to receive the exemption, applicants must complete a one-page application and provide proof of eligibility. A copy of the disability declaration letter from your retirement system is considered sufficient proof of disability.

To qualify for the exemption because you are 65, a copy of any of the following is accepted as proof of eligibility:
• driver’s license
• birth certificate/registration
• school records
• marriage records
Only one exemption is allowed per residence and only one exemption is allowed per person.

You may also request an application be mailed to you by calling Lori Kidwell at (859) 246-2722 ext. 238.

Return your application and the required proof of eligibility by fax at (859) 246-2729, by scanning and emailing to Lori.Kidwell@ky.gov or by mail to:

David O’Neill
Fayette PVA Office
101 E. Vine Street, Suite 600, Lexington, KY 40507
http://www.fayette-pva.com/exemptions.

The Agricultural Use Exemption is for farm properties that have at least 10 contiguous acres. The agricultural use value is based on the agricultural capability of the land plus any improvements located on the land. If you have any further questions regarding the Agricultural Use Exemption, please contact Carolyn Logan at (859) 246-2722, ext 260 or by email at Carolyn.Logan@ky.gov.

Leading Questions:
Can you give us an example of what kind of discount this would be on a home whose taxed value it $80,000?
Is the Homestead Exemption available in other counties too?


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