If you own property that you are using as your permanent residence as of January 1, you may be eligible for significant tax savings by filing for Homestead Exemption.
A Homestead Exemption can:
- Reduce the assessed value of your home by up to $50,000
- Provide a tax savings of approximately $750 annually on average.
(This amount will vary from city to city due to differing tax / millage rates.)
Homeowners applying for this exemption must:
- Own and occupy their Lake County home as their permanent residence as of January 1.
- Submit an application no later than March 1 of the year you wish the exemption to begin.
Lake County makes apply very simple by applying on-line. Click Here to get started.
