In some states homeowners may qualify for a property tax exemption in which up to

specified value $($say $$50,000)$ will be deducted from the assessed value of the

property before taxes are calculated as long as the property owner occupies a home

as the family's principal residence and has claimed residency within the state. This

exemption is better known as the:

a$)$ affordable housing exemption

b$)$ growth moratorium

c$)$ homestead exemption

d$)$ ad valorem exemption