While checking links on Drake Homes Inc, I found one of them had changed. Thinking I’d best check them all I happened across a helpful page titled “Window On State Government” which offers insight to the various property extensions available in Texas. These are not just for seniors over 65 or Veterans, though these are outlined on the page as well, but for all homeowners. If you moved here from another state you may not be aware that Texas does offer homestead exemptions.
Here is the paragraph from the “Window On State Government” on the subject of general homestead exemptions:
How do I get a general $15,000 homestead exemption?
You may file an Application for Residential Homestead Exemption with your appraisal district for the $15,000 homestead exemption up to one year after the taxes on the homestead are due. Once you receive the exemption, you do not need to reapply unless the chief appraiser sends you a new application. In that case, you must file the new application. If you should move or your qualification ends, you must inform the appraisal district in writing before the next May 1st. A list of appraisal district addresses and phone numbers is available online.
There is also a link for the application on the page (or above).
The definition of a homestead exemption:
Homestead exemption is a legal regime designed to protect the value of the homes of residents from property taxes, creditors, and circumstances arising from the death of the homeowner spouse. Laws are found in state statutes or constitutional provisions which exist in many states in the United States. The homestead exemption in certain southern states has its legal origins in colonial Spanish exemption laws. Exemption laws in other states were enacted in response to the effects of economic depressions in the nineteenth century.
So it’s not just about saving money on taxes!
Do your research and ask questions of the personal at the appraisal district.
Note: This blog post does not offer any official information or advice. Read our disclaimer please.