Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
The exemption is not entered anywhere on your federal income tax return. Homestead exemptions are usually filed at your county courthouse, at the tax assessor's office.
Specifically, homestead laws allow individuals to declare a portion of their property as "homestead" and therefore protected from a forced sale. Under New York's homestead protection law, the amount property owners may declare exempt varies based on county location and range from $75,000 to $150,000.
Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address. Do not file any exemption applications with the NYS Department of Taxation and Finance or with the Office of Real Property Tax Services.