01/03/2026
It’s the new year let’s talk about Exemptions
All exemptions must be filed with the County
Assessor's office by March 15th
Homestead Exemption
If a person owns the land and lives on the land as of January 1st of this year they may qualify for this exemption. Once you are receiving the benefit of this exemption you do not have to file again unless you move to a new property.
Double Homestead Exemption
( new income limit)
Anyone who qualifies for the homestead exemption and has an annual household income of $30,000 or less may qualify for this
exemption. The taxpayer must show proof of income and must re-apply every year until they reach the age of 65. At age 65 the
exemption becomes permanent and does not have to be re-filed every year.
Senior Valuation Limitation (senior freeze)
This will freeze the VALUE on the property so that the capped value cannot be increased unless the property is improved. To qualify, the taxpayer must be 65 (as of January 1st of the year they apply) or older and show proof of an annual household income of $65,800 or less. This income is based on the HUD income levels and changes each tax year. The freeze
will be placed on the value NOT the taxes. Taxes will continue to fluctuate each year based on the needs of the schools, counties,
and any bond issues passed by the voters of Craig County.
100% Disabled Veterans
Any Veteran, or surviving spouse, who has received a letter from the Veterans Administration showing that they, or their deceased spouse, are now, or were, 100% disabled with no future evaluations may be exempt from taxes on their homestead
property. A copy of the letter and picture ID are required.
