Elderly Homestead Exemption

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State

Kentucky

Year

2017

Variations in Receipt of Benefit

No Variation in Receipt of Benefits

Benefit Type

Assessment Freeze

Benefit

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 2017 is $​37,600​.

How is Benefit Disbursed

Exemption from assessed value

Eligible Property Type

Residential

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

Age

Disability

Homeowner

Principal Residence

Description of Eligibility Criteria

Applicants must be 65 years or older, or totally disabled, qualified 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.

Record ID

KY101_RR17

Footnotes

With the exception of a service-connected totally disabled veteran of the United States Armed Forces, every person filing for the homestead exemption who is totally disabled and is less than 65 years of age must apply for the homestead exemption on an annual basis. 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%.

Sources

Ky. Rev. Stat. Ann. § 132.751; Ky. Rev. Stat. Ann. § 132.810 (in effect for 2017)
Kentucky Department of Revenue, Homestead Exemption Allowance 2017-2018, (2016)

[https://revenue.ky.gov/Property/Documents/Homestead%20Exemption%20Allowance%20for%202017%20and%202018.pdf accessed 07/09/18]

[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Kentucky/2017/KY_Homestead_Exemption_Allowance_for_2017_and_2018_Finance_and_Administration_Cabinet_Department_of_Revenue_Office_of_Property_Valuation_2016.pdf]

Kentucky Department of Revenue, Application for Exemption Under the Homestead Amendment, (2017)

[https://revenue.ky.gov/Forms/62A350.pdf accessed 07/09/2018]

[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Kentucky/2017/KY_Application_for_Exemption_Under_the_Homestead_Amendment_Department_of_Revenue_2017.pdf]

Department of Revenue - Jefferson County PVA Office, Application for Exemption Under the Homestead Amendment, (2017)

[https://jeffersonpva.ky.gov/wp-content/uploads/2018/04/HDExemptionApplication-Writable022017.pdf accessed 07/09/2018]

[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Kentucky/2017/KY_Application_for_Exemption_Under_the_Homestead_Amendment_Department_of_Revenue_Jefferson_County_PVA_Office_2017.pdf]

Kentucky Department of Revenue, Homestead Exemption Application Qualification, (2017)

[http://www.lrc.ky.gov/Statutes/statute.aspx?id=39641 accessed 07/09/2018]

[https://www.lincolninst.edu/sites/default/files/gwipp/upload/sources/Kentucky/2017/KY_Homestead_Exemption_Application_Qualification_Kentucky_Department_of_Revenue_2017.pdf]
Kentucky Department of Revenue, Homestead Exemption Allowance for 2017 and 2018

[https://revenue.ky.gov/Property/Residential-Farm-Commercial-Property/Pages/Homestead-Exemption.aspx Accessed on 07/09/2018]

View Archived Source

To reference this webpage/table, please use the following citation:

Significant Features of the Property Tax. https://www.lincolninst.edu/residential-tax-relief/elderly-homestead-exemption-kentucky-2017 Lincoln Institute of Land Policy and George Washington Institute of Public Policy. (Elderly Homestead Exemption; accessed: 05/29/2023 03:20:48 PM)

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