What is the Homestead Credit?
The Homestead Credit is a credit against state, county, and municipal property taxes. It is designed to decrease the tax liability for owner occupied properties that experience rapidly increasing assessments. There is a cap of 10% on state-taxable assessment increases from one year to the next. There is a 5% cap on county-taxable assessment increases from one year to the next. You must apply to the state department of assessments for a one-time application for this credit. It is no longer automatically calculated. If you would like additional information on the Homestead Credit, please visit the SDAT website.

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1. What is the significance of "principal residence" on my tax bill?
2. Are there any tax programs that provide tax relief based on income?
3. What is the Homestead Credit?
4. What is the County Senior Credit?
5. Are there other exemptions that taxpayers can apply for?