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Homestead exemptions reminder  

 

Alana33
(@Alana33)
Expert
Joined: 8 years ago
Posts: 12257
December 10, 2019 2:42 pm  

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?


jaldeborgh
(@jaldeborgh)
Advanced Member
Joined: 2 years ago
Posts: 187
December 10, 2019 9:40 pm  

I’m not familiar with why someone might qualify for an exemption.  Can you give a couple of examples as to why.  Thanks.


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Thecookiemomsterkitchen
(@thecookiemomsterkitchen)
New Member
Joined: 7 months ago
Posts: 2
December 10, 2019 11:54 pm  

We will be new homebuyers on STX in a couple of months, so would appreciate any more info! Thanks


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rewired
(@rewired)
Advanced Member
Joined: 7 months ago
Posts: 29
December 11, 2019 1:10 am  

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.


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Gator's Mom
(@gators_mom)
Trusted Member
Joined: 7 years ago
Posts: 1094
December 11, 2019 9:57 am  

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. 


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