Are there limits on the Tax Relief exemption?

The Tax Exemption is limited to the median value of single family residential property. Therefore, the exemption is capped at this figure or the assessed value, whichever is less. The Tax Relief Levels for Tax Year 2020/2021 are as followed:


$0 - $48,204                      100%

$48,205 - $55,620               50%

$55,621 - $63,036               25%


$63,036 - MAXIMUM INCOME LIMIT

$282,517 - FINANCIAL WORTH LIMIT

$235,900 - CAP - Single Family Median Value

Show All Answers

1. What is the eligibility based on?
2. What are the Basic Requirements?
3. How do I apply for Real Estate Tax Relief?
4. Are there limits on the Tax Relief exemption?