What is a Homestead Tax Exemption and How do I Apply?

What is a homestead tax exemption?

A homestead exemption helps you save on taxes on your home. Every property owner, or married couple, can designate their primary residence as their “Homestead.” This designation lowers the taxable value of your property for certain taxing entities thus lowering the total amount of tax you owe. Filing your residential homestead exemption is an excellent opportunity for homeowners to combat high Texas property taxes.

How to apply?

It’s a simple form to be filled out and mailed to your local County Appraisal District Office. Filing this exemption is free of charge and simple for you to complete on your own! Your Texas homestead exemption may potentially reduce the amount of property taxes owed on your property. The exemption may extend to the home and up to 20 acres of land used for a purpose related to the residential use of the homestead. Different taxing entities give different exemptions, depending upon the type of taxing entity and location.

Steps to apply for homestead exemption:

Download the application from your County Appraisal district’s website.

Complete the form and attach copies of your Driver’s License. Note: The address listed on your Driver’s License must match the address of the homestead. Check with your local tax appraisal district for further information and requirements before Submission.

Return the form to the Appraisal District by April 30, 2019.

*The homestead exemption will remain in place as long as the owners occupy the property as their homestead. If the owners sell the property or no longer occupy the homestead, they should request a removal of the exemption.

 

Source:

https://leaguere.com/how-to-file-your-texas-homestead-tax-exemption/