Happy New Year! It’s now time for new homeowners to prepare to file their Homestead Exemption. If you bought a home in Texas in 2017, you have until April 30th to file for a residential Homestead Exemption. We have provided you with 6 Tips on how to file your 2017 Homestead Exemption, see below.
- What is a Homestead Exemption? An exemption from property taxes that homeowners can claim.
- What does 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 $35,000, and you qualify for a $15,000 exemption, you will pay taxes on the home as if it was worth only $20,000.
- What type of property qualifies for this exemption? Your