Are you 65? Get your tax break

Additional tax relief for older Kentuckians is on its way with an increase in the Homestead Exemption for the 2025 and 2026 tax years. Eligible homeowners can, starting next year, claim $49,100, an increase of $2,750 from the previous exemption.

To qualify, individuals must be 65 or older or totally disabled during the tax period. The property must be owned and occupied as the taxpayer’s primary residence on Jan. 1 of the assessment year. The exemption saved more than 474,000 Kentuckians approximately $293 million in property taxes in 2023, according to the Department of Revenue. Applications are available online or at the county PVA office. They should be submitted by Dec. 31 of the eligible tax year.