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Under the provisions of the homestead statute, a person or persons must be 65 years of age or older or totally disabled during the year for which application is made, and must own, occupy. The city establishes tax levies all. Kentucky's homestead exemption exempts a portion of a property's assessed value from kentucky property taxes.
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4 so if your home is worth $350,000 and you owe. They are considered a second mortgage. In most cases, the limit is 80%.
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