Best and Worst States for Homestead Exemption Savings
Which states have the biggest general homestead exemptions? We rank states whose main statewide exemption for all owner-occupants is a fixed dollar amount, using the figure on the official source. The savings column is an illustrative estimate: amount × a 1% tax rate.
| # | State | Headline exemption | Illustrative yearly savings at 1% (estimate) |
|---|---|---|---|
| 1 | Florida | $50,000 | about $500 |
| 2 | Maine | $25,000 | about $250 |
| 3 | California | $7,000 | about $70 |
| 4 | Georgia | $2,000 | about $20 |
States that exempt a percentage of value
These can save more than a flat amount on higher-value homes: Idaho (50%); Utah (45%).
Weakest general relief
States without a broad exemption for all owner-occupants are on our no general homestead exemption list.
How to read this
Real savings depend on your local tax rate, which taxes the exemption applies to, and caps or phase-outs. A state with a smaller exemption but a high tax rate can save you more. Try the savings estimator with your own numbers.
Figures from official state sources; the 1% rate is an illustration, not any state's actual rate.