Texas homestead exemption

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Texas Homestead Exemption The Most Meaningful & Simplest Way To Reduce Property Tax!

1. What is a homestead?

A homestead can be a separate structure, condominium or a mobile home located on owned or leased land, as long as the individual living in the home owns it.

A homestead can include up to 20 acres, if the land is used as a yard or for another purpose related to the residential use of the homestead.

D0 all homes qualify?

No, only a homeowner’s principal residence qualifies.

To qualify, the homeowner must be an individual & must use the house as his/her principal residence on Jan. 1 of the tax year.

TI P If you are age 65 or older, the Jan. 1 ownership & residency are not required for the age 65 homestead exemption.

What homestead exemptions are available?

School taxes County taxes Age 65 or older and disabled exemptions Optional percentage exemptions Optional over 65 or disabled exemptions

How to get a homestead exemption?

File an Application for Residential Homestead Exemption with the CAD between Jan. 1 and April 30 of the tax year

If you turn 65 or become disabled, apply for the 65 or older or disabled exemption no later than 2 years from the qualification date T IP Once you receive the exemption, you do notneed to reapply unless the chief appraiser sends you a new application.

What happens if you miss the deadline for filing a homestead exemption?

You may file for a homestead exemption up to one year after the delinquency date – usually Feb. 1.

If you are 65 or older or disabled, you must apply for the exemption no later than one year from your 65th birthday or one year after the delinquency date, whichever is later.

TI P Since, September 1, 2017, property owners have up to two years after the delinquency date to file for a homestead exemption

Good luck!

Get a tax break from property taxes by applying for a homestead exemption!

To know more on property tax exemptions visit www.poconnor.com Ta x R e d u c t i o n E x p e r t s