Homestead Act Benefits In Houston
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FAQ
The Homestead Exemption is calculated by reducing the market value by $5,000 or 20%, whichever is greater. For example a home with a market value of $250,000 with a qualifying homestead exemption has a taxable value of $200,000 (20% is $50,000 and is reduced from the market value).
REQUIRED DOCUMENTATION Attach a copy of each property owner's driver's license or state-issued personal identification certificate. The address listed on the driver's license or state-issued personal identification certificate must correspond to the property address for which the exemption is requested.
Note: Applications will be processed in the order they are received. We strive to process exemptions as quickly as possible, but at times processing could take up to 90 days to process, per Texas Property Tax Code Section 11.45.
To qualify for the general residence homestead exemption, a home must meet the definition of a residence homestead and an individual must have an ownership interest in the property and use the property as the individual's principal residence.
The property must be your principal residence and you cannot claim a homestead exemption on any other property. You must provide a valid Texas driver's license or Texas identification card and the address listed must match the address for which the exemption is requested.
These are: Property must be the owner's primary residence as of January 1 of the tax year; Owner must have owned and occupied the property as their principal residence as of that date; The owner must also be an individual (not a corporation or partnership); and. Must not claim a homestead exemption on any other property.
What if I miss the filing deadline? A late application for a residence homestead exemption, including for a person age 65 or older or disabled, may be filed up to two years after the filing deadline has passed.
