Wednesday, February 06, 2019 / by Holly Northup
The homestead exemption is provided by Texas state law for owner-occupied residential properties. This exemption removes a portion of your home value from taxation providing a lower tax amount for the homestead property.
In order to qualify for the homestead exemption in the state of Texas, you must have owned your home on January 1, 2016, it must be your principle residence and you cannot claim a homestead exemption on any other property.
If you have purchased a home in the past year, you should fill out the homestead form and file between January 1, 2017 and April 30, 2017 in order to receive this exemption on your property taxes for as long as you own the property.
There is no fee to file your homestead exemption. But, please beware that you might receive an official looking letter asking for $25+ to file this exemption for you. This is not necessary. In fact, the Bucher Group is providing you with the links to Travis, Williamson, and Hays county websites for you below to file your Homestead Exemption for FREE!
Travis County - http://www.traviscad.org/forms.html
Williamson County - http://www.wcad.org/property-owners/forms
Hays County - http://www.hayscad.com/forms/
Having the homestead exemption makes a difference. For example, all school districts in Texas grant a reduction of $15,000 from your market value for homestead exemption. Some taxing units also offer additional optional reductions for the homestead exemption. For optional exemptions, the governing body of each taxing entity decides whether it will offer the exemption and at what percentage or amount.
Other exemptions include if you are over 65, a disabled veteran, a survivor of a disabled veteran, are disabled and more. Please go to the Texas Comptroller Website for more information and what exemptions you might be eligible for.
Once you have completed the application and secured appropriate documentation, you may mail or file your request in person with the appraisal district at the address given on the form. Some counties allow for electric filing, as well. In the event the appraisal district disagrees with your request, you will be notified and offered an opportunity to protest this decision.
If you or someone you know is interested in buying or selling real estate in the Austin area, please contact Kathleen Bucher at KathleenBucher@mac.com or 512.794.6644. It would be an honor to earn your business!