No, there is no way for person to be exempt from property taxes--municipalities will sometimes provide a partial tax credit or tax abatement for business that relocate to the city, bringing jobs, but  that's clearly a very different situation; individuals cannot be exempt from property tax.If the home has no mortgage, you have 100% equity in it. If you can't afford the annual cost(s) of the home, like property taxes, you should probably sell the home, and then use the proceeds to either purchase a much less expensive (with lower taxes) home, townhome, condo, trailer, or co-op, or to rent an apartment. After all, if the home yields proceeds of, say $250k after paying costs, realtor commissions, etc., and you can find a place renting for $1k per month, the proceeds of the home would pay for 250 months, or almost 21 years, of rent.