At the Team Kentucky update on Thursday, December 12, 2024, Governor Andy Beshear highlighted a way for Kentuckians to save money through the homestead tax exemption, where eligible individuals who claim this exemption will have their property taxes lowered.
To qualify, Kentuckians must be at least 65 years old or classified as totally disabled by any public or private retirement system. The assessed property must also be owned, occupied and maintained as the individual’s personal residence.
During the 2023 tax year, this exemption helped more than 474,000 elderly or disabled Kentuckians save $293 million.
Learn more and apply on the Department of Revenue’s website. The deadline to apply for the 2024 tax year is Dec. 31st.
