What additional tax exemption is available for a blind person who has a homestead?

Study for the Magnolia Real Estate State Exam. Sharpen your skills with flashcards and multiple-choice questions; each question offers hints and explanations. Prepare to excel in your exam!

A blind person who has a homestead is eligible for an additional property tax exemption of $1,000. This exemption is specific to individuals who are legally blind and aims to provide financial relief by reducing the assessed value of their property for tax purposes. When combined with other possible exemptions, such as the general homestead exemption, this additional exemption can significantly lessen the tax burden for blind homeowners.

Understanding this exemption is important for real estate professionals and homeowners alike, as it is a specific benefit that can influence property ownership and affordability for individuals with disabilities.

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