If you buy a home in 2022, you have a way to potentially lower your property’s taxable value and save thousands on your property taxes. It’s called a homestead exemption, and it removes part of your home’s value from taxation.

A new law effective January 1, 2022, provides property-tax relief by allowing homebuyers to file for homestead exemptions in the year when they purchase the property, provided it is their primary residence. Previously, new homeowners had to wait until the [...]