In the blink of an eye 2019 arrived! That can mean a lot of things to a lot of people... one of those things means it's officially TAX SEASON! (let me guess... you're favorite time of year right? Tee Hee) Well hear me out... Tax season can bring some pretty sweet perks for homeowners who bought a home in the state of Texas in 2018. Starting January 1st until April 30th, 2019, every homeowner has the opportunity to submit an application for the residential Homestead Exemption for their primary residence. Here are some frequently asked questions that we hope you will find helpful in your process. Also as a side note... if you were one of our clients and closed on a purchase during 2018... you should also expect to receive a reminder package in the mail from us to help guide you through the process as well as provide you with all the tools/resources needed to get that done sooner than later.
FREQUENTLY ASKED QUESTIONS:
What is a Homestead Exemption?
The Homestead Exemption is essentially an exemption from property taxes that can be claimed by homeowners on their primary residence.
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 $45,000, and you qualify for a $15,000 exemption, you will pay taxes on the home as if it was worth only $30,000. )
What type of property qualifies for this exemption?
Your primary residence is the only property that qualifies for a Homestead Exemption. This means the homeowner must live at the home as of January 1st of the tax year, and be an individual (not a corporation or business entity).
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!
What is the deadline for my Homestead Exemption application?
This must be filed between January 1st and April 30th of the tax year - or up to one year after you pay your taxes.
Please note: If you turn 65 or become disabled, you must apply for the 65 or older/disabled exemption no later than one year from the qualification date. Once you receive an exemption, you don’t need to reapply again unless the chief appraiser sends you a new application. In that case, you must file the new application. If you should move or your qualifications end, you need to inform the appraisal district in writing before the following year on May 1st.
Are there any other types of property tax exemptions that I may qualify for?
Yes! For a full list of property tax exemptions, check out the Comptroller's guide HERE!
FREQUENTLY ASKED QUESTIONS:
What is a Homestead Exemption?
The Homestead Exemption is essentially an exemption from property taxes that can be claimed by homeowners on their primary residence.
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 $45,000, and you qualify for a $15,000 exemption, you will pay taxes on the home as if it was worth only $30,000. )
What type of property qualifies for this exemption?
Your primary residence is the only property that qualifies for a Homestead Exemption. This means the homeowner must live at the home as of January 1st of the tax year, and be an individual (not a corporation or business entity).
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!
What is the deadline for my Homestead Exemption application?
This must be filed between January 1st and April 30th of the tax year - or up to one year after you pay your taxes.
Please note: If you turn 65 or become disabled, you must apply for the 65 or older/disabled exemption no later than one year from the qualification date. Once you receive an exemption, you don’t need to reapply again unless the chief appraiser sends you a new application. In that case, you must file the new application. If you should move or your qualifications end, you need to inform the appraisal district in writing before the following year on May 1st.
Are there any other types of property tax exemptions that I may qualify for?
Yes! For a full list of property tax exemptions, check out the Comptroller's guide HERE!
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