Owners of long term rental properties will be eligible for tax exemptions. If a property owner has a signed lease for 12 consecutive months of the same occupant, the owner may be able to receive up to a $200,000 exemption. If you have more then one home you wish to file exemptions for, they must be on different parcels. Any portion used for commercial use will not qualify for exemptions.
Long term rental exemption applications need to be filed by December 31st for 2022. Applicants must also include the signed lease. Any questions can be addressed from the Real Property Assessment Division.