Series #5: What do you think about this bond issue topic?
Q: What is the Homestead Exemption and how does it work?
A: The Homestead Exemption is for residents 65 years of age and older (Veterans and disabled individuals of any age received special consideration) who own and reside in a home within the Beatrice Public School District. If the individual has an annual income rage between $27,300 - $40,100 he/she may be eligible for an exemption up to a maximum applicable property value of $89,300. Property of greater value can receive partial exemption. Please contact the Nebraska Department of Property Assessment and Taxation or the Gage County Assessor for specific guideline and details regarding edibility.