5 Factors concerning Homestead Tax Exemptions in Kansas City When buying a home, the different costs and fees involved can add up quickly. That’s why most prospective homeowners try to keep these expenses as low as they possibly can, especially where their property taxes are concerned. And while paying taxes is a necessary evil, you may be able to save money and benefit from taking a homestead tax exemption. However, before you do, consider these 5 factors: • Although some states will automatically grant a homestead tax exemption, others require you to apply for it. • Homestead exemptions are only extended to those owners who will live in their homes as their primary residence. • Remember, the term “homestead tax exemption” only refers to ways you can reduce your property taxes. • There are certain legal protections such as protecting a surviving spouse from being forced into selling their home. • While some local and state governments offer programs such as property tax credits or exemptions (or both), qualifications for the exemption can vary significantly from one state to the next. Make sure you get the proper information regarding a homestead tax exemption by contacting your county tax assessor or county tax auditor. https://www.google.com/maps?cid=11762440658982302319