Where exemptions actually apply in the calculation
After equalization, before the rate. The order determines what a given exemption is worth to you.
Exemptions reduce equalized assessed value, not the tax bill directly, and the sequence matters.
The order
Assessed value → multiplied by the county equalization factor → exemptions subtracted → multiplied by the tax rate = your bill.
What that implies
An exemption's cash value is its EAV reduction multiplied by your tax rate. The same exemption is worth more in a high-rate district than a low one — two neighbours in different school districts get different value from an identical exemption.
Worked shape
If an exemption removes $8,000 of EAV and your composite rate is 9%, it is worth about $720 a year. If your rate is 6%, about $480.
Why this is worth knowing
It lets you compare an exemption against an appeal on the same scale. A $10,000 assessment reduction and a $10,000 exemption are worth the same money — but the exemption is a form and the reduction is a hearing.
Stacking
Most homestead exemptions stack: general, plus senior, plus freeze, plus disability where each applies. Check that every one you qualify for appears, not just that some do.