Definition

• The Homestead Tax Credit is offered in some states and reduces the amount owed for property taxes to those who meet certain qualifications.
  
  

Income

• The Homestead Tax Credit is made available to those who are in the low-to-moderate income level. Each state has different income requirements that must be met to be eligible.
  
  

Age

• Many states have age requirements to be eligible for the tax credit.
  
  

Disabled

• Those with a permanent disability, regardless of age, may also be eligible for the credit.
  
  

Renter

• Some states extend the credit to those who rent their home or apartment, not just those who own a home.
  
  

Tip

• The Homestead Tax Credit is only available on an individual's primary residence.
  
  Not all states offer the Homestead Tax Credit, and each state has different eligibility requirements that must be met.