Welcome to the New Year! In addition to New Year’s Resolutions, new goals, deciding to eat healthier, committing to exercising, many people make a resolution to save more and spend less. Amongst the things to have on your early year to-do list if you bought a home the previous year, is to file for your Homestead Exemption.
In the state of Texas, citizens can save money on their property taxes through a Homestead Exemption. This Exemption reduces a portion of your new homes value for taxation purposes. If you want to know more about the Homestead Exemption or want to know how to apply, read on and click the button below to access our guide for Texas Homestead Exemptions!
Who is eligible for a Homestead Exemption?
In order to be eligible to file for a Homestead exemption a homeowner must have purchased the property prior to January 1st of the current year. The property must also be a primary residence in order to to eligible and The home’s owner must be an individual. (not a corporation or other business entity)
What do you need to apply for a Homestead Exemption?
All a homeowner needs to file for their Texas Homestead Exemption is an application from your county of residence, a Photo ID, and proof of residence. For Most Texans, your proof of residence is your driver’s license or state-issued ID with the physical address of the property for which you are applying the exemption listed. You can update your address on your driver’s license or ID through the Texas Department of Transportation.
How to apply?
1. Complete The Application
You must file an application with your county of residence. If you are married, include information for both spouses. If you are 65 years of age or older, or disabled, be sure to follow the special instructions detailed within the application. Click the links below to access the homestead exemption application for your county of residence:
- Tarrant County
- Dallas County
- Johnson County
- Ellis County
- Collin County
- Denton County
- Parker County
- Rockwall County
- Grayson County
- Kaufman County
2. Include Proof of Residency Documents
If you are married, make sure the documents match the information for the person listed as the primary owner or property owner on the application. Applicants who are ages 65 or older or disabled may require additional documents to be included with their application.
3. Submit The Application
You may mail, fax, or hand-deliver your application to the county appraisal district where your property is located. You can find the address, phone number, and fax number for your appraisal district on the Texas Comptroller’s website. It’s free to apply and the deadline is April 30th.
YOU’VE FILED YOUR APPLICATION, NOW WHAT?
After you’ve submitted your application, it can take four to six weeks for any action to be taken. If your application is rejected, you will be notified and given the opportunity to challenge the decision. The amount of your exemption depends on a number of factors, including where your home is located and how much it is worth. All school districts in the state of Texas grant a reduction of $25,000 from your home’s value however, each homestead exemption situation is unique. If you have any questions regarding your situation, contact your county appraisal district’s office.
After your exemption is accepted, you don’t have to apply again the following tax year. A homestead exemption lasts as long as you live in that residence. If you move to a new home, the exemption on your old home expires and you will need to file a new homestead exemption for your new residence.
Should you have any questions about the Texas Homestead Exemption, please refer to the application for your county of residence or feel free to contact me at [email protected] or (817) 403-0702.