GREETINGS FROM YOUR PROPERTY VALUATION
ADMINISTRATOR
Homestead and Disability Exemptions
Did you know that you may qualify for a reduction in the
taxable value of your home thereby reducing your property taxes? The Kentucky
Homestead Act is a tax exemption established for the benefit of the senior or
disabled homeowner. The Homestead Exemption (HEX)/ Disability Exemption (DEX)
is determined every two years by the General Assembly to reflect increases in
the cost of living. For 2016, the amount of the exemption (assessment
reduction) is $36,900. *Homestead Exemption: To qualify for the homestead
exemption, a person must be at least 65 years old and the property must be
owned and occupied as their primary
residence as of January 1. NO NEED TO WAIT
UNTIL YOUR BIRTHDAY - if you will turn 65 this year, come in now! *Disability Exemption: A person must be classified as
100% totally disabled under any government and/or most private retirement
system(s).
Applying for your
exemption is easy! Just visit the PVA
Office in Covington at 303 Court Street, Room
210 or the Independence office at 5272 Madison Pike (open late until 6:00 p.m.
on Wednesdays for your convenience.) For
additional information, please visit our website at www.kentonpva.com or call us at 859-392-1750. *Proof of eligibility
is required.
Darlene M. Plummer, Kenton County PVA