2019 is here and if you bought in 2018 and want to save money on property taxes you should consider filing the homestead exemption. What is a homestead exemption? The exemption is a benefit to homeowners that allows for the removal of a portion of the home’s value from taxation, which lowers the property taxes you have to pay each year. In certain instances it can also “cap” the amount of increases that happen in future years. You only need to do this once and the homestead exemption will remain on the property until you sell. However, there are certain requirements to in order to qualify for the homestead exemption.
You can apply for a homestead exemption from January 1st through April 30th 2019 if you have all of the following:
1. You occupy the home as your primary residence
2. You own the residence
3. Your driver’s license matches the address you are claiming as the homestead (They want you to do this within 30 days of moving to your new residence. If you have not done this you may do it through the Texas Department of Public Safety via online, mail, or in person methods.)
What Documents are required to file for the exemption?
It is necessary to submit all of the required documents to your County Appraisal District and then mail the documents to your specific county. Please click the links below for the county of your residence. All of the required forms are listed here:
• Travis County https://www.traviscad.org/forms/forms-exemptions/
• Williamson County https://www.wcad.org/online-exemption-information/
• Hays County https://www.hayscad.com/forms/
Sometimes the tax assessor will send you a postcard in the mail and ask you how much you paid for your home. Texas is a non-disclosure state and you do not need to volunteer this information! You will also receive numerous solicitations from 3rd party vendors who offer to charge you $65 or so to file your homestead exemption for you. Using the links provided above will allow you to do so at no cost to you.