New Year, New You! We want to help homeowners who bought a home in the state of Texas in 2019 start this new year off saving money! Starting January 1st until April 30th, 2020 every homeowner has the opportunity to submit an application for the residential Homestead Exemption for their primary residence. Below are some frequently asked questions when filing your exemption, along with all the resources you will need to get started today!
What is a Homestead Exemption?
The Homestead Exemption is a break in your taxes! It exempts a certain dollar amount or percentage of home value from property taxes that can be claimed by homeowners on their primary residence. This applies to only Owner Occupied homes which were purchased in 2019.
What is the purpose of the Homestead Exemption do?
Homestead Exemptions remove part of your home’s value from taxation, so they lower your taxes. For example, if your home is appraised at $350,000, and you qualify for a $25,000 exemption for your Independent School District, you will pay taxes on the home as if it was worth only $325,000. The ISD exemption is one of several different exemptions in most localities.
How do I apply for this exemption?
You will need your Texas driver’s license or state ID card. From there, you’ll need to file the Application for Residential Homestead Exemption with the county appraisal district. File this form and all supporting documentation with the appraisal district office in each county in which the property is located generally between January 1st and April 30th of the year for which the exemption is requested. We have a FULL LIST of counties and their website/ contact information below!
Go to county wesite–>Click on “Forms”–> Click on Residential Exemptions–>Click on RESIDENCE HOMESTEAD EXEMPTION APPLICATION–>Print—>Fill Out–>Mail or Drop off at County Office
We would love to schedule a time for you to come into the office or call in if you need help so you can save money and kickstart your new year in the right direction!