More details to this question:
How is the value of a property figured when using the Homestead Exemption if a property is owned by a single person with no mortgage? Do they use Tax assessed value? Price paid for property? Property gets appraised? Thanks
1 ANSWER
1 Award
Market value is the value of the property. The exemption amount is a flat number.
Answered on Jul 02nd, 2017 at 6:26 AM