what is the difference between filing a hometead exemption and filing for a morgage exemption?

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what is the difference between filing a hometead exemption and filing for a morgage exemption?

We are first time homeowners and I need to understand what each of these are and which ones I will benefit from the most

2006-11-27 05:36:55 · 1 answers · asked by renegade_dancer5678 2 in Business & Finance ➔ Renting & Real Estate

1 answers

homestead exemption is available to owner/occupants and reduces the taxable value of your home. one time filing is good for as long as you live there and is only good on your primary residence. not sure what a mortgage exemption is

2006-11-27 05:45:58 · answer #1 · answered by daniel r 4 · 0⤊ 0⤋