Long-Time Occupant Exemption
Long-Time Occupant Exemption (LTOE) enables taxpayers to receive an expanded homeowner’s exemption with no maximum exemption amount (source: Assesor’s website).
Long-Time Occupant Exemption requirements state that taxpayers must have:
- Owned and occupied their residence for more than ten years
- A total household income of $100,000 or less and
- An assessment increase for their property that was significant enough to exceed the maximum amounts set by the state legislature.
Forms and General Information
Exemption forms and general information are provided by the links below:
- Long-time Occupant Exemption Application
- Long-time Occupant Exemption Eligibility and Instructions
- Past Application Forms
WARNING: Although the tax savings derived from the LTOE can be significant, if your assessment or market value is reduced even by less than 2%, then some or all of the savings from the LTOE may be removed.