RaifH
Expert Alumni

State tax filing

No, this does not need to be reported in the state section in TurboTax. Since you have already been approved for the exemption and are paying a lower property tax due to the lower assessed value of your home, your property taxes paid are already reported at their lower amount. This can impact your federal return if you are itemizing your deductions, or your state return if you are eligible for the Circuit Breaker Credit