Woodstock voters may be asked whether to amend the city’s senior homestead exemption to include surviving spouses of eligible seniors, in the event that the homestead recipient dies.
On March 10, the Woodstock City Council approved a resolution of support asking that the local delegation of state lawmakers introduce and pass local legislation to extend the city’s senior homestead exemption to surviving spouses.
Woodstock’s senior homestead exemption is for residents 62 and older who have lived in city limits for at least five years. It provides an exemption from all ad valorem taxes for city purposes for the full value of the homestead after a two-year phase-in period. There is no limit on income or home value…