Homestead Exemptions and What You Need to Know
What Are Exemptions?
Exemptions are a form of tax relief that can reduce the taxable value of your property. Here are 4 things you should know about them:
1. There are several kinds of exemptions that you might qualify for. They are:
- Homestead Exemption
- Disabled Individual Exemption
- Agricultural Land Exemption
- Disabled Veteran Exemption
- Over 65 Exemption
2. In order to qualify for a residential homestead exemption, you must be occupying the property as your homestead on January 1st of the tax year in which the exemption is granted. Your application must be filed no later than April 30th to receive the tax benefit for this year.
3. It is important to note that when you apply for exemptions, you need to be sure that you have a Texas Driver's License or Texas ID card and the address on it matches the address of the property on the application, otherwise the Chief Appraiser is prohibited from approving exemptions.
4. It is your responsibility as the homeowner to apply for exemptions. You can do this free and easily on your county's central appraisal district (CAD) website. If the Central Appraisal District sends you correspondences regarding your exemptions, be sure to respond timely, but do not be fooled by imposters trying to get your money by filing on your behalf.
For contact information to your local central appraisal district, click here.
*Republic Title of Texas, Inc. makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions.