Homestead Exemptions in Texas

If you bought a new home recently, a good way to lower your taxes is to file for a homestead exemption on your primary residence.  This is something I mentioned in a previous article about protesting taxes and could save you a few hundred dollars a year.

Williamson County is a good resource if you need more information about this exemption and you can click here to go to their website.

You can also download the 2011 application below.

homesteadexemptionapplication

Here’s more information provided by Independence Title Company:

Homestead exemptions remove part of your home’s value from taxation. If you want to receive a homestead exemption for the taxes on your home, the home must first qualify as a residence homestead on January 1 of the year in which you are applying.

There are two requirements:
1. You must own your home on January 1. (If you are over 65,and/or
disabled the January 1 ownership and residency are not required.)
2. You must use the home as your principal residence on January 1.

A state law that took effect on September 1, 2011 has changed proof of residency requirements for homeowners applying for the property tax homestead exemption.
(CLICK HERE) to download more information.

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Edward and Edwin

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