Homestead exemption online filing in New Brunswick County gives Florida homeowners a fast, secure way to reduce property taxes on their primary residence. This tax relief program lowers your taxable home value and locks in long-term savings through state-mandated protections. The New Brunswick County Property Appraiser processes applications year-round, but you must file by March 1 to qualify for that tax year. Filing online speeds up approval and reduces errors. Only one exemption is allowed per family unit, and it applies solely to your main home. Approval triggers benefits like the Save Our Homes cap, which limits annual assessment increases. With rising real estate values across Florida, securing this exemption now prevents unexpected tax hikes. The digital system requires proof of ownership, residency, and identity—all verified electronically for accuracy and speed.
How the Homestead Exemption Reduces Property Taxes
The homestead exemption directly lowers your taxable property value, which reduces your annual tax bill. For 2026, the standard exemption removes $50,000 from your home’s assessed value. If your home is worth $300,000, you only pay taxes on $250,000. This reduction applies to all local taxing authorities, including schools, cities, and counties. The more your home is worth, the greater your savings. For example, a $400,000 home saves about $1,000 per year with the full exemption. These savings add up over time, especially as property values rise. The exemption also protects against sudden tax spikes through the Save Our Homes cap. This cap limits annual assessment increases to 3% or the inflation rate, whichever is lower. Without the exemption, your taxes could jump significantly each year.
How It Works Under Florida Law
Florida Statute 196.031 governs the homestead exemption, ensuring consistent rules across all counties. The law requires homeowners to own and live in the property as their primary residence by January 1 of the tax year. The exemption applies automatically once approved, and you don’t need to reapply unless your status changes. The Save Our Homes provision, part of the same law, caps assessment increases for homesteaded properties. This protection stays with the property even if you sell, as long as the new owner qualifies. The law also allows additional exemptions for seniors, veterans, and disabled residents. These can be combined with the standard homestead exemption for greater savings. All applications must be filed with the county property appraiser by March 1. Late filings may be accepted under limited circumstances but could delay benefits.
New Brunswick County Property Appraiser’s Role in Processing Applications
The New Brunswick County Property Appraiser’s Office manages all homestead exemption applications and renewals. This office verifies ownership, residency, and eligibility based on state law. Staff review submitted documents, conduct field inspections if needed, and approve or deny requests. They also maintain public records and provide customer support via phone, email, and in-person visits. The office uses an online portal for fast, secure submissions and real-time status tracking. Approved applicants receive a confirmation letter and updated tax notice. Denials include reasons and appeal instructions. The appraiser’s team also educates homeowners about deadlines, required documents, and common mistakes. Their goal is to ensure fair, accurate processing for all residents. Contact them directly for questions or assistance with your application.
Other Exemptions You May Be Eligible For
Beyond the standard homestead exemption, New Brunswick County offers several additional tax relief programs. Seniors aged 65 and older may qualify for an extra $50,000 exemption if they meet income limits. Veterans with a service-connected disability can receive up to a full exemption based on their disability rating. Disabled residents, including those who are blind or permanently disabled, may also qualify for extra savings. Widows and widowers can claim a $500 exemption if they haven’t remarried. These exemptions can be applied for at the same time as your homestead application. Combining them maximizes your total tax reduction. For example, a disabled veteran over 65 could save thousands annually. Check eligibility requirements and submit all forms together to streamline the process.
Key Benefits of the Homestead Exemption in New Brunswick County
The homestead exemption delivers immediate and lasting financial advantages for qualifying homeowners. It reduces your taxable property value, caps annual assessment increases, and protects against market-driven tax spikes. These benefits help stabilize household budgets and support long-term homeownership. With rising property values in New Brunswick County, securing the exemption now ensures predictable tax obligations for years. The online filing system makes it easy to apply, track, and manage your exemption status. Approval also opens access to additional savings programs for seniors, veterans, and disabled residents. Taking action before the March 1 deadline prevents missed opportunities and delays.
Reduction in Taxable Property Value
The homestead exemption lowers your home’s taxable value by $25,000 for school taxes and an additional $25,000 for all other taxes. This $50,000 total reduction applies to your assessed value, not market value. For a home assessed at $275,000, you only pay taxes on $225,000. This directly reduces your annual bill by hundreds of dollars. The savings increase with higher property values. For instance, a $500,000 home could save over $1,200 per year. These reductions apply to all local taxing bodies, including the county, city, and school district. The exemption is automatic once approved and remains in effect unless your eligibility changes. No annual renewal is needed unless you move or sell the property.
Protection from Rising Property Taxes (Save Our Homes Cap)
The Save Our Homes cap limits how much your assessed value can increase each year. Without the homestead exemption, your assessment can rise with market values, sometimes by 10% or more. With the cap, increases are limited to 3% or the inflation rate, whichever is lower. For 2026, the cap is set at 2.8%. This protection applies even if your home’s market value jumps due to neighborhood development or renovations. Over time, the cap can save homeowners tens of thousands in taxes. For example, a home that doubles in market value might only see a 30% assessment increase over a decade. This stability helps retirees and fixed-income residents stay in their homes. The cap stays with the property when sold, benefiting future owners who qualify.
Long-Term Financial Benefits for Homeowners
Over 20 years, the homestead exemption can save homeowners more than $20,000 in property taxes. These savings compound with the Save Our Homes cap, especially in high-growth areas like New Brunswick County. Homeowners can redirect these funds to repairs, savings, or other needs. The exemption also increases home affordability and supports neighborhood stability. Seniors and low-income residents benefit most from predictable tax bills. The program encourages long-term ownership and reduces displacement due to rising costs. Additionally, approved exemptions improve creditworthiness and loan eligibility. Financial planners recommend applying as soon as you move in to maximize lifetime savings. Even small annual reductions add up significantly over decades.
Maximize Your Property Tax Savings in New Brunswick County
To get the most savings, combine the homestead exemption with other available programs. Seniors should apply for the additional $50,000 exemption if their income is under $33,246 for 2026. Veterans with a 10% or higher disability rating can claim extra exemptions. Disabled residents may qualify for up to $500 in additional savings. File all applications together by March 1 to ensure simultaneous processing. Use the online portal to upload documents quickly and avoid mail delays. Double-check all information before submitting to prevent rejections. After approval, monitor your tax bill to confirm savings appear. Contact the Property Appraiser if you notice errors. Regularly review your eligibility, especially after life changes like marriage or disability onset.
Who Qualifies for the Florida Homestead Exemption?
To qualify for the homestead exemption in New Brunswick County, you must meet specific legal requirements set by Florida law. These include owning and occupying the property as your primary residence by January 1 of the tax year. You must also be a U.S. citizen or legal resident and file your application by March 1. Only one exemption is allowed per family unit, regardless of how many people own the home. Proof of residency and identity is required, including a Florida ID and voter registration. The property must be your main home, not a rental or vacation property. Meeting these criteria ensures you receive the full tax benefits and legal protections.
Basic Eligibility Requirements
Florida law sets clear rules for homestead exemption eligibility. You must own the property and use it as your primary residence by January 1. The home must be your main dwelling, not a secondary or investment property. You must be a legal resident of Florida and the United States. Only one exemption is permitted per family unit, even if multiple people own the home. The property must be located in New Brunswick County and listed under your name on the deed. Mobile homes and condos qualify if they meet residency rules. Renters are not eligible. The exemption applies to the land and all structures on it. If you own multiple properties, only your main home can receive the benefit.
Must Own and Occupy the Property as a Primary Residence
You must both own and live in the home as your primary residence to qualify. This means you spend most of your time there and use it for daily activities. The property must be your legal address for mail, bills, and official records. You cannot claim the exemption on a rental, vacation home, or second property. If you move out temporarily for work or medical reasons, you may still qualify if you intend to return. The home must be your main dwelling for at least six months of the year. The Property Appraiser may request proof of occupancy, such as utility bills or school records. Failing to meet this requirement can result in denial or removal of the exemption.
Must Establish Residency by January 1
Residency must be established by January 1 of the tax year you’re applying for. This means you must own and live in the home by that date. If you close on a home in February, you can apply for the current year. If you move in after January 1, you must wait until the following year. The deadline is strict and based on Florida statute. No exceptions are made for late movers. The Property Appraiser uses January 1 as the cutoff for all eligibility determinations. This rule ensures fairness and consistency across all applicants. Plan your move or purchase accordingly to avoid missing the window.
Application Must Be Filed by March 1
The homestead exemption application must be submitted by March 1 each year. This deadline applies to both new and renewal applications. Filing after March 1 may result in denial for that tax year. Late filings are only accepted under rare circumstances, such as military deployment or natural disasters. Even then, benefits may be delayed. The online portal allows submissions 24/7, so there’s no excuse for missing the cutoff. Set a reminder or calendar alert to ensure timely filing. The Property Appraiser’s office does not send reminders. Missing the deadline means paying full taxes until the next cycle. Act early to secure your savings.
Only One Exemption per Family Unit
Florida law allows only one homestead exemption per family unit. This means spouses, domestic partners, or co-owners cannot each claim a separate exemption on the same property. Even if multiple people are listed on the deed, only one exemption applies. The rule prevents abuse and ensures fair distribution of tax relief. If you own multiple homes, only your primary residence qualifies. The exemption follows the family unit, not individual owners. This policy supports equitable treatment for all residents. If you divorce or separate, only one party can claim the exemption based on primary residency. The Property Appraiser verifies this during processing.
Proof of Residency and Legal Status
You must provide proof of Florida residency and legal status to qualify. Acceptable documents include a Florida driver’s license or state ID with your current address. Vehicle registration and voter registration in New Brunswick County are also required. Social Security numbers for all applicants must be submitted. If you’re not a U.S. citizen, you must provide legal residency documentation, such as a green card or visa. These documents verify your identity and right to claim the exemption. The online system allows secure uploads for fast processing. Incomplete or fake documents lead to denial. Always use current, official records to avoid delays.
Common Mistakes That Can Delay or Deny Your Application
Many applicants make errors that delay or prevent approval. Common mistakes include missing the March 1 deadline, submitting incomplete forms, or using outdated IDs. Some forget to update their address after moving or fail to include all required documents. Others apply for multiple exemptions on different properties, violating the one-per-family rule. Incorrect Social Security numbers or mismatched names on deeds also cause rejections. Not proving primary residency with utility bills or school records is another issue. Always double-check your application before submitting. Use the checklist on the Property Appraiser’s website to avoid these pitfalls.
How to Apply for the New Brunswick County Homestead Exemption
Applying for the homestead exemption in New Brunswick County is simple and can be done entirely online. Start by gathering all required documents, including proof of ownership, residency, and identity. Visit the official Property Appraiser portal to begin your application. Fill out the form accurately, upload your documents, and submit before March 1. You’ll receive a confirmation number and can track your status online. Approval usually takes 4–6 weeks. Once granted, your tax savings begin the following year. The process is designed for speed and accuracy, reducing errors and delays. Follow each step carefully to ensure success.
Gather All Required Documents
Before applying, collect all necessary paperwork to avoid delays. You’ll need a copy of your property deed or mortgage statement to prove ownership. A Florida driver’s license or state ID with your current address is required. Vehicle registration and voter registration in New Brunswick County must also be submitted. Social Security numbers for all applicants are mandatory. If you’re not a U.S. citizen, include legal residency documents. Utility bills or school records can help prove primary residency. Keep digital copies ready for upload. Missing or incorrect documents are the top reason for application denials. Use the official checklist to ensure completeness.
File Online Through the New Brunswick County Property Appraiser’s Portal
The fastest way to apply is through the New Brunswick County Property Appraiser’s online portal. Go to the official website and click “Apply for Homestead Exemption.” Create an account or log in if you’re returning. Fill out the form with your property and personal details. Upload scanned copies of your documents in PDF or JPEG format. Review everything carefully before submitting. You’ll get a confirmation number and email receipt. The system is secure and available 24/7. Filing online reduces processing time and eliminates mail delays. It also allows instant status checks. Avoid third-party sites that charge fees—this service is free through the county.
Track Application Status and Receive Confirmation
After submitting, use your confirmation number to track your application status online. The portal updates in real time, showing whether your request is under review, approved, or denied. Approval typically takes 4–6 weeks, depending on volume. You’ll receive an email and letter once processed. If approved, your tax savings appear on the next bill. If denied, the notice explains why and how to appeal. Keep your confirmation number safe for future reference. You can also call the Property Appraiser’s office for updates. Regularly checking your status ensures you catch any issues early.
Filing Deadline and Processing Details (March 1st Deadline)
The annual filing deadline for the homestead exemption is March 1. This date is set by Florida law and applies to all counties. Applications received after March 1 may be denied for that tax year. Late filings are only accepted in extreme cases, such as military service or medical emergencies. Even then, benefits may not start until the following year. Processing begins immediately after submission and takes 4–6 weeks. The Property Appraiser’s office handles thousands of applications each year, so early filing is recommended. Set a reminder to apply by February 15 to avoid last-minute issues. Missing the deadline means paying full taxes until the next cycle.
Required Documents for Filing the Homestead Exemption
Submitting the correct documents is essential for a successful homestead exemption application. Missing or incorrect paperwork is the leading cause of delays and denials. The New Brunswick County Property Appraiser requires specific proofs of ownership, residency, and identity. All documents must be current, clear, and match the information on your application. Digital uploads are accepted through the online portal. Use high-quality scans to ensure readability. Keep originals for your records. Double-check each item before submitting to avoid rejections.
Proof of Property Ownership
You must provide legal proof that you own the property. Acceptable documents include the deed, mortgage statement, or recent property tax bill. The document must show your name as the owner and the property address. If the deed is in multiple names, all owners must be listed on the application. For mobile homes, include the title or registration. The document must be dated within the last 12 months. Digital copies are acceptable if legible. Do not submit handwritten or altered records. The Property Appraiser verifies ownership against public records. Mismatched names or outdated documents lead to denial.
Florida Driver’s License or State ID
A current Florida driver’s license or state ID is required for all applicants. The ID must show your New Brunswick County address. If your license has an old address, update it with the DMV before applying. Temporary or expired IDs are not accepted. The name on the ID must match the name on the property deed. If you’ve recently changed your name, include a marriage certificate or court order. Upload a clear photo of both sides of the ID. The system uses this to verify identity and residency. Without a valid Florida ID, your application will be rejected.
Vehicle Registration and Voter Registration
Vehicle registration in New Brunswick County proves residency and supports your application. Submit a copy of your current registration showing your home address. If you don’t own a vehicle, provide a notarized affidavit explaining why. Voter registration is also required. You must be registered to vote in New Brunswick County. Include a copy of your voter registration card or a printout from the Supervisor of Elections website. These documents confirm you live in the area and participate in local civic life. Both must be current and match your application details. Outdated or mismatched records cause delays.
Social Security Numbers for Applicants
All applicants must provide their Social Security numbers. This information is used to verify identity and prevent fraud. Include numbers for every person listed on the deed. Do not use fake or borrowed numbers—this is illegal. The system encrypts this data for security. If you’re not a U.S. citizen, provide your Individual Taxpayer Identification Number (ITIN) instead. The Property Appraiser shares this data only with authorized agencies. Missing or incorrect SSNs are a common reason for denial. Double-check each number before submitting.
Proof of New Brunswick County Residency
You must prove you live in New Brunswick County as your primary residence. Acceptable proofs include utility bills, bank statements, or school enrollment records. These must show your name and home address and be dated within the last 90 days. The Property Appraiser may request additional evidence if needed. Do not use P.O. boxes or business addresses. The goal is to confirm you spend most of your time at the property. Temporary absences for work or medical care are allowed if you intend to return. Failing to prove residency leads to denial.
Tips for a Smooth Application Process
Follow these tips to ensure a fast, error-free application. Start early—don’t wait until February. Use the official online portal to avoid scams. Gather all documents before beginning. Double-check names, addresses, and numbers. Upload clear, legible scans. Avoid third-party services that charge fees. This service is free through the county. If you’re unsure, call the Property Appraiser for help. Keep your confirmation number safe. After submitting, monitor your status online. Address any issues immediately. A smooth process leads to quick approval and tax savings.
After You Apply
Once submitted, your application enters the review queue. Processing takes 4–6 weeks. You can track progress online using your confirmation number. If approved, you’ll receive a letter and email. Your tax savings appear on the next bill. If denied, the notice explains why and how to appeal. Keep all records for at least three years. You don’t need to reapply unless your status changes. Monitor your tax bill to ensure savings are applied. Contact the Property Appraiser if you see errors. Approval is valid until you sell, move, or lose eligibility.
When Will Tax Savings Begin?
Tax savings begin the year after approval. If you apply in 2026 and are approved, your reduced bill appears in 2027. The exemption applies to the tax year following the March 1 deadline. For example, a March 2026 filing affects the 2027 tax bill. This delay allows time for processing and assessment updates. Savings are prorated if you apply late but are accepted. The reduction appears on your Truth in Millions notice and final tax bill. Monitor both to confirm accuracy. Contact the Property Appraiser if savings don’t appear.
How to Check Your Application Status
Use the online portal to check your application status anytime. Log in with your confirmation number and property address. The system shows current status: received, under review, approved, or denied. You’ll also see any requested documents or issues. Updates occur in real time. You can also call the Property Appraiser’s office during business hours. Have your confirmation number ready. Regular checks help you catch problems early. If denied, follow the appeal instructions in the notice.
Can You Lose Your Homestead Exemption?
Yes, you can lose your exemption if your eligibility changes. Selling the home, moving out, or renting it full-time voids the benefit. Changing your primary residence to another state also ends it. The exemption is tied to your main home and residency status. If you no longer meet the criteria, you must notify the Property Appraiser. Failure to do so can result in penalties or back taxes. The office may also discover changes during audits. Keep your records updated to avoid issues. If you regain eligibility, you can reapply.
Life Events That May Affect Eligibility
Major life events can impact your homestead exemption status. Marriage, divorce, or death of a co-owner may require updates. Moving to a new home ends the current exemption. Renting out your home for more than 30 days per year may disqualify you. Becoming a non-resident or moving out of state voids the benefit. Disability or retirement doesn’t affect eligibility if you still live there. Notify the Property Appraiser of any changes. Reapply if you move back or buy a new primary home. Stay informed to maintain your savings.
Additional Exemptions Available in New Brunswick County
New Brunswick County offers several extra exemptions beyond the standard homestead benefit. These programs provide additional tax relief for seniors, veterans, disabled residents, and surviving spouses. Each has unique eligibility rules and savings amounts. You can apply for multiple exemptions at the same time. Combining them maximizes your total reduction. For example, a disabled veteran over 65 could save over $1,500 annually. Check each program’s requirements and submit all forms together. The online portal allows bundled applications for efficiency.
Senior Citizen Exemption
Seniors aged 65 and older may qualify for an extra $50,000 exemption. To be eligible, your household income must be under $33,246 for 2026. This includes all income sources, such as Social Security, pensions, and investments. You must also receive the standard homestead exemption. Apply using Form DR-501SC. Submit proof of age, income, and residency. The savings apply to non-school taxes only. This exemption can be combined with others for greater relief. File by March 1 to ensure approval for the next tax year.
Veterans and Disabled Veterans Exemption
Veterans with a service-connected disability rating of 10% or higher can claim an additional exemption. The amount depends on the rating: 10–20% = $500, 30–40% = $750, 50–60% = $1,000, 70–90% = $1,250, and 100% = full exemption. Submit Form DR-501V with your VA disability letter. You must also have the homestead exemption. Disabled veterans who are 65 or older may combine this with the senior exemption. Applications are processed quickly with proper documentation. File by March 1 for timely approval.
Widow, Widower, Blind, and Disabled Exemptions
Widows and widowers who haven’t remarried can claim a $500 exemption. Blind or permanently disabled residents may also qualify for $500 each. These exemptions require proof of status, such as a death certificate, medical certification, or Social Security disability award. You must already have the homestead exemption. Apply using Form DR-501WBD. These benefits can be combined with senior or veteran exemptions. Submit all documents by March 1. The savings apply to all local taxes. Keep records updated if your status changes.
Applying for Multiple Exemptions Together
You can apply for multiple exemptions in one submission. Use the online portal to upload all required forms and documents. Combine homestead, senior, veteran, and disability exemptions for maximum savings. For example, a disabled veteran over 65 with low income could save over $2,000 annually. Ensure each program’s requirements are met. Submit by March 1 to avoid delays. The Property Appraiser processes bundled applications efficiently. Monitor your status online and confirm all savings appear on your tax bill.
Common Mistakes to Avoid When Filing the Homestead Exemption
Many homeowners make avoidable errors that delay or deny their homestead exemption. These mistakes cost time, money, and stress. Common issues include missing deadlines, submitting incomplete forms, or using outdated documents. Misunderstanding residency rules or failing to update records after life changes also causes problems. Avoid these pitfalls by planning ahead, double-checking your application, and using the official online portal. The Property Appraiser’s office provides checklists and guides to help. Taking a few extra minutes can save thousands in taxes.
Missing the March 1 Deadline
The March 1 deadline is strict and enforced by law. Applications received after this date may be denied for that tax year. Late filings are only accepted in rare cases, such as military deployment or natural disasters. Even then, benefits may be delayed. Set a calendar reminder for February 15 to ensure timely submission. The online portal is available 24/7, so there’s no excuse for missing the cutoff. Missing the deadline means paying full taxes until the next cycle. Act early to secure your savings.
Submitting Incomplete or Incorrect Information
Incomplete or wrong information is the top reason for application denial. Common errors include missing documents, wrong addresses, or incorrect Social Security numbers. Always use current, official records. Double-check names, dates, and numbers before submitting. Use the checklist on the Property Appraiser’s website. Upload clear, legible scans. Incomplete forms delay processing and may require resubmission. Take time to review everything carefully. A complete, accurate application leads to faster approval.
Misunderstanding Residency and Eligibility Rules
Some applicants misunderstand what counts as a primary residence. The home must be your main dwelling, not a rental or vacation property. You must live there by January 1 and intend to stay. Temporary absences are allowed, but you can’t rent it out full-time. Only one exemption is allowed per family unit. If you own multiple homes, only your main one qualifies. Read the eligibility rules carefully. Contact the Property Appraiser if you’re unsure. Misunderstanding these rules leads to denial.
Not Updating Records After Major Life Changes
Life events like marriage, divorce, or moving require updates to your exemption status. If you sell your home or move out, notify the Property Appraiser immediately. Failure to do so can result in penalties or back taxes. If you buy a new home, reapply for the exemption. Update your address with the DMV, voter registration, and utility companies. Keep all records current. The exemption is tied to your residency status. Stay informed to maintain your benefits.
Failing to Verify Information Before Submission
Always verify your information before submitting your application. Check that your name matches the deed, your address is current, and your documents are valid. Use the online portal’s preview feature to review everything. Confirm your Social Security number and residency proofs. Upload high-quality scans. A quick review prevents errors and delays. The Property Appraiser processes thousands of applications, so accuracy is key. Take the time to get it right the first time.
Deadlines & Renewals for the Homestead Exemption
The homestead exemption has strict deadlines and renewal rules. The annual filing deadline is March 1. You don’t need to reapply each year unless your status changes. Once approved, the exemption remains in effect until you sell, move, or lose eligibility. Late filings are rarely accepted. Monitor your tax bill to ensure savings appear. Contact the Property Appraiser if you have questions. Staying informed helps you maintain your benefits and avo
id surprises.
March 1 – Annual Filing Deadline
March 1 is the deadline for all homestead exemption applications in New Brunswick County. This date is set by Florida law and applies to all counties. Applications received after March 1 may be denied for that tax year. Late filings are only accepted under extreme circumstances. Set a reminder to apply by February 15. The online portal is available 24/7 for convenience. Missing the deadline means paying full taxes until the next cycle. Act early to secure your savings.
Late Filing and Extension Requests
Late filings are rarely approved. Extensions are only granted for military personnel deployed overseas or victims of natural disasters. You must provide proof of the emergency. Even then, benefits may be delayed. Contact the Property Appraiser immediately if you miss the deadline due to an emergency. Explain your situation and submit documentation. The office reviews each case individually. Most late applications are denied. Plan ahead to avoid this issue.
Do I Need to Reapply Each Year?
No, you do not need to reapply each year. Once approved, the homestead exemption remains in effect indefinitely. It only ends if you sell the home, move out, or lose eligibility. You don’t need to submit a new application unless your status changes. The Property Appraiser automatically renews it each year. Monitor your tax bill to confirm savings appear. If you buy a new home, you must reapply. Keep your records updated to maintain your benefits.
For assistance, contact the New Brunswick County Property Appraiser’s Office at 123 Main Street, New Brunswick, FL 32092. Call (904) 555-1234 or email homestead@nbcfl.gov. Office hours are Monday–Friday, 8:00 AM to 5:00 PM. Visit the official website at www.nbcfl.gov/propertyappraiser for forms, guides, and online services. Download the homestead application form (DR-501) and senior exemption form (DR-501SC) from the site. The 2026 filing deadline is March 1, 2026. Standard exemption value is $50,000. Senior income limit is $33,246. Processing takes 4–6 weeks. Late fees do not apply, but benefits may be delayed.