OXFORD -- Homeowners living in the Oxford city limits have until Friday to file for a homestead exemption.
Oxford residents who have owned their home since Jan. 1, 2012 are eligible for a $10,000 tax exemption from the city.
"This is in addition to the one they get with the county," said Oxford Mayor Jerry Roseberry.
He estimates that the typical homeowner will save about $60 per year in city taxes.
"It's worth the effort to go down there (to the Tax Commissioner's office)," Roseberry said. "It's a little something extra to help folks meet ends better."
To earn the credit, residents must file before April 1.
Tommy Knight, chief tax appraiser, said residents need to bring with them proper identification, and they also might need some extra paperwork if they are filing a double homestead exemption, like if they are a senior citizen, disabled or a veteran, which Newton County offers to residents.
Those who are disabled must bring a physician's statement saying they are 100 percent disabled, and veterans need to bring proper identifying paperwork, he said.
Seniors need to bring with them federal and state income taxes because of income requirements that make them eligible, he said.
He noted that Mondays and Fridays seem to be the busiest days in the Tax Commissioner's Office.
The exemption was figured into Oxford's budget this year, Roseberry said.