For estate planning purposes, I placed the title to my property in a trust. Can I still receive the homestead exemption?

You are eligible for the Homestead Exemption if all of the following are true:

  • You created the trust to be effective during your lifetime (an inter vivos trust).
  • You provided the assets for the trust (you are the settlor).
  • You can terminate the trust at any time (it is a revocable trust).
  • The trust agreement contains a provision that says you have complete possession of the property.

Most of the other common forms of property ownership (such as survivorship deeds) also qualify for the exemption.

Show All Answers

1. Who is eligible for the homestead exemption?
2. What is meant by the term "permanently and totally disabled"?
3. How do I show proof of age?
4. When does the new Homestead Exemption start?
5. What is the deadline to apply?
6. Does the homestead exemption have an effect on other real estate tax reductions that I am presently receiving?
7. I already receive the homestead exemption. Do I have to reapply to receive benefits under the new program?
8. For estate planning purposes, I placed the title to my property in a trust. Can I still receive the homestead exemption?
9. Will I have to apply every year to receive the homestead exemption?
10. Where do I find the form to apply?