Get TX Comptroller 50-114 2011

You may file an Application for Residential Homestead Exemption (PDF) with your appraisal district for the $25,000 homestead exemption up to two years 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.

First, you must own it, and second, it must be your principal place of residence each January, which is when the county assesses annual property taxes. The homestead exemption is special because it gives all Texas property owners the opportunity to receive a $25,000 exemption from their home's value.

There are a number of exemptions that help lower your property taxes in Texas. The most common is the homestead exemption, which is available to homeowners in their primary residence. It exempts at least $25,000 of a property's value from taxation.

Application Deadlines You should file your regular residential homestead exemption application between January 1 and April 30. Early applications will not be accepted. If your application is postmarked by April 30, this will allow the district time to process it before your tax statement comes out in the fall.

Seniors in Texas could be taxed out of their home if required to pay property taxes. Fortunately, Texas seniors also have the option of deferring payment of property taxes on their primary residence. ... However, a surviving spouse who is at least 55 years old can retain both the over-65 exemption and the tax deferral.

There are a number of exemptions that help lower your property taxes in Texas. The most common is the homestead exemption, which is available to homeowners in their primary residence. It exempts at least $25,000 of a property's value from taxation.

Texas homeowners who are over the age of 65 or legally disabled may file an affidavit to defer any collection of their property taxes until after they sell the home or die.

Age 65 or older and disabled exemptions: Individuals age 65 or older or disabled residence homestead owners qualify for a $10,000 homestead exemption for school district taxes, in addition to the $25,000 exemption for all homeowners. ... The taxing unit must decide before July 1 of the tax year to offer this exemption.

How to Freeze Texas Property Taxes at Age 65. Texas offers several tax breaks to homeowners 65 and older. One of them is a freeze on property taxes charged by school districts.

The median property tax on the state's median home value of $148,100 is $1,397. Individuals age 65 and older can claim an exemption. ... For homeowners 65 and older or totally disabled, $37,600 of the assessed value of their property is exempt from state taxes under the homestead provision for 2017-2018.

There are no specific qualifications for the general homestead exemption in Texas, other than the owner must have an ownership interest in the property and be using the property as his or her principal residence. ... The general deadline for filing an exemption application in Texas is before May 1.

There are no specific qualifications for the general homestead exemption in Texas, other than the owner must have an ownership interest in the property and be using the property as his or her principal residence. ... The general deadline for filing an exemption application in Texas is before May 1.

A homestead exemption removes part of the value of your property from taxation and therefore lowers the amount of your property taxes. Your home qualifies for an exemption if 1) you own it, and 2) it is your principal place of residence in January, when the county assesses annual property taxes.

The Texas Homestead Exemption The homestead exemption is available only for your principal residence. Vacation or rental properties are not covered under the exemption, nor are properties owned by corporations rather than individuals. ... Homestead exemption applications require annual filing between Jan. 1 and April 30.

Homeowners can rent homestead property, but may abandon the Exemption if the property is entirely rented or substantially rented for more than 30 days per calendar year, for two consecutive years.