This exemption defers, for four years, any increase in the assessment of the property due to an addition or other improvement to the home for which the Township Assessor would add value.
Properties of religious, charitable, and educational organizations, as well as units of federal, state and local governments, are eligible for exemption from property taxes to the extent provided by law.
The Chief County Assessment Office has authority to recapture taxable value in instances where property owners have received homestead exemptions erroneously.