Fort Wright City Council announced their opposition to any changes to the current structure of the homestead exemption in Kentucky. Kentucky established the homestead exemption to reduce property taxes for people over 65 and those considered “totally disabled.” According to the resolution passed by the Fort Wright city council on Feb. 7, changes to the […]
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Homestead exemption expansion could save Kentucky seniors on property taxes
Older Kentuckians who own their home could see future property tax savings under a constitutional amendment proposed Monday in the Kentucky Senate. The savings would come from expanding the state’s homestead exemption, a statutory tax break for Kentuckians 65 and older that exempts a set amount of a home’s value from the property tax rolls. […]