New Homestead Exemption Rules
Attention! Polk County Residents Ages 65 and Older 
House Bill 848 and Senate Bill 356 bring important updates to the Senior Homestead Exemption for school and ad valorem taxes. YOU MUST REAPPLY TO RECEIVE THE NEW BENEFITS. Everyone who currently qualifies or believes they may qualify, must complete a new application for the upcoming tax year.
Reapply January 1 through April 1.
Updated Exemption Levels:
- Ages 65-69, greater of 50% of assessed value OR $60,000.
- Ages 70-76, greater of 75% of assessed value OR $80,000.
- Ages 77 and up, full assessed value exemption. home must have a fair market value under $500,000
