Elderly Homestead Exemption





Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Assessment Freeze


Assessed value remains fixed at the value of property the 1st year that the owner qualifies for and receives the homestead exemption. The maximum exemption in 2007 is $31,400.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type


Characteristics of Eligible Property

Only residential property is eligible for this program. However, mobile homes, when classified as real property, are also eligible for the exemption.

Eligibility Criteria



Principal Residence

Description of Eligibility Criteria

Applicants must be 65 years of age or older, or classify as totally disabled under a program authorized or administered by the United States government or by any retirement system. Eligible property must be maintained as a personal residence.

Local Option in Adoption of Program

Local government is unable to exercise an option

Local Option Regarding Program Features

No local option regarding program features

State Funding for Local Tax Loss

State reimburses all of the local government tax loss

Description of State Funding for Tax Loss

The state reimburses the county.

Enrollment Data

In FY2007, the total amount of exemptions provided by the state (to disabled and veterans) was $14.1 million.

Record ID



The maximum exemption is adjusted every 2 years by the cost of living index of the United States Department of Labor if it changes by at least 1%.


Ky. Rev. Stat. Ann. § 132.751 (in effect for 2007); Ky. Rev. Stat. Ann. § 132.810 (in effect for 2007)
Tax Expenditure Report (no date) Kentucky Office of State Budget Director, p. 119 [http://www.osbd.ky.gov/publications/specialreports.htm Accessed 07/13/2010] View Archived Source
Application for Exemption under the Homestead/ Disability Amendment (no date), Kentucky Department of Revenue [http://revenue.ky.gov/NR/rdonlyres/8DC755CA-472A-4267-80B6-E61FEA4C3BE4/0/62A350.pdf Accessed on 04/14/2010] View Archived Source

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