File Homestead Exemption

Scissors cutting taxes Homestead exemption cuts property taxes

You only have to file once and it’s FREE!

If you bought a new home in 2020, heads up for filing Homestead Exemption!

This is for the reduction of your property taxes. If you own and reside in your home on January 1 of the tax year (2021) you may file between January 1 and April 30.

What is Homestead?

There are a number of exemptions that can be applied to property taxes. One of the most common tax exemptions is referred to as homestead. It’s a reduction of tax value to the property based on the recognition that the property is a personal homestead. Texas homeowners can apply for Homestead Exemption if they meet certain criteria.

In Texas, the homestead is the place of residence for a family or a single person, secure from forced sale by general creditors. The Texas Constitution gives each spouse, or single person, a possessory right in the homestead, which is lost only by death or abandonment and cannot be compromised by waiver or voluntary act of the homestead owner.

You may only apply for residence homestead exemptions on one property in a tax year.

Find everything online to file for your Homestead Exemption – Couldn’t be easier!

File your exemption forms before the deadline of April 30. Get all the details and forms from the county where the property is located.

SEARCH PUBLIC RECORDS BY ADDRESS & COUNTY TO FIND DETAILS & FORMS:

COLLIN CENTRAL APPRAISAL DISTRICT

DENTON CENTRAL APPRAISAL DISTRICT

DALLAS CENTRAL APPRAISAL DISTRICT

ROCKWALL CENTRAL APPRAISAL DISTRICT

TARRANT COUNTY APPRAISAL DISTRICT

The Bottom Line

Take advantage of any and all tax exemptions that you’re eligible for. This one is way too simple to be missed. Also, if you failed to file in years past, contact your Appraisal District to see if you can get any adjustment for previously overpaid taxes.

Related Stories:

Property Tax in Texas

How Property Taxes Impact Your Mortgage Payment

Looking for a new Realtor®? Meet Our Team

come2dallas.com North Point Realty logo