Property owners who are 65 or older may be eligible to receive the Homestead Exemption.
The taxpayer must both own and maintain the property as his or her primary residence as of January 1st .
The 2023-2024 exemption amount is $46,350 and is deducted from the taxable assessed value; a tax bill will be issued for any property assessed at more than $46,350.
KRS 132.810(2)(e): provides that the homestead exemption shall be adjusted for inflation every two years.
Only one exemption is allowed per household.