homestead exemption on real estate
Department of Revenue Sets 2021-2022 Homestead Exemption
FRANKFORT, Ky. (November 23, 2020) – The Kentucky Department of Revenue (DOR) has set the maximum homestead exemption on real estate owned by qualified individuals at $40,500 for the 2021 and 2022 tax periods. By statute, the amount of the homestead exemption is recalculated every two years to adjust for inflation. The 2021-2022 exemption reflects…
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