Real Estate Tax Exemption

No matter what state your property is in, you may be eligible for a tax exemption based on state law and the taxing authority’s guidelines.

IMPORTANT: You must apply for and obtain documented approval directly from the taxing authority. Approval documentation must then be submitted to us for updates to be made to your escrow account.

There are 2 common types of exemption:

  1. Partial Exemption means you qualify to have a reduction in the taxable value of the property, thus lowering the overall tax amount.


    • A customer with an assessed home value of $200,000 may have a 25% tax exemption meaning there will be a $50,000 reduction of the taxable value.
      Therefore, they would only pay property taxes on $150,000.
      • That is a $1,000 savings, assuming a 2% tax rate.
        • 2% of $200,000 original assessed value= $4,000
        • 2% of $150,000 adjusted assessed value= $3,000
  2. A 100% Tax Exemption means that you do not have to pay any of your property taxes.


    • A customer with an assessed home value of $200,000 may be assessed to pay 2% in tax of their homes value, $4,000.00. However, with an approved 100% tax exemption, you pay nothing and we do not collect funds in your escrow account to pay taxes.
    • Common examples of 100% tax exemptions involve senior citizens and disabled veterans.

Common qualifying factors for exemptions that vary per state law and local taxing authority:

  • Homestead Exemption
  • Senior Citizen (age varies depending on taxing authority)
  • Disabled
  • Military Veteran