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The Water Cooler
General Discussion
Housing Cost Increase and Taxes
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<blockquote data-quote="GC7" data-source="post: 3584244" data-attributes="member: 2455"><p>I just received a notice from Cleveland County that my property taxes are going up 5%. I plan to file a Homestead Exemption right away since I have 30 days to do it per state law.</p><p></p><p>If the exemption is approved, do you know if the county can then only increase it 3% for this year? Or is the 5% already decided so I'm only protected for future years?</p><p></p><p>*Edit - Too late. I read into the fine print and the application is only good starting next year.</p></blockquote><p></p>
[QUOTE="GC7, post: 3584244, member: 2455"] I just received a notice from Cleveland County that my property taxes are going up 5%. I plan to file a Homestead Exemption right away since I have 30 days to do it per state law. If the exemption is approved, do you know if the county can then only increase it 3% for this year? Or is the 5% already decided so I'm only protected for future years? *Edit - Too late. I read into the fine print and the application is only good starting next year. [/QUOTE]
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