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For all the new homeowners in VI, don't forget to apply for property tax exemptions that you qualify for. You can't get homestead here, if you have it elsewhere.
For those of us who do have it already, don't forget VI Government is now making you reapply for the exemption.
Think it's every 2 years, now?
Posted : December 10, 2019 2:42 pm
Thecookiemomsterkitchen reacted
I’m not familiar with why someone might qualify for an exemption. Can you give a couple of examples as to why. Thanks.
Posted : December 10, 2019 9:40 pm
We will be new homebuyers on STX in a couple of months, so would appreciate any more info! Thanks
Posted : December 10, 2019 11:54 pm
I couldn't find the information in the Lieutenant Governor's web site, but here's a link to one of the real estate stores with more information on the exemptions:
https://www.coldwellbankerstt.com/page-vi-real-estate-taxes-38.html
Note that the residence must be your primary residence to qualify.
Posted : December 11, 2019 1:10 am
Alana33 reacted
Here's the form you complete to get your homestead exemption to reduce your property tax. It has to be notarized and submitted to the Tax Assessor's office prior to January 1.
You can only have one homestead exemption - so if you have two or more homes anywhere in the US you have to pick one as your homestead.
https://ltg.gov.vi/wp-content/uploads/2019/02/general_homesteadcredit.pdf
Posted : December 11, 2019 9:57 am
Alana33 reacted