Save $$$ on Property Taxes: The Scoop on the Texas Homestead Exemption

Save $$$ on Property Taxes: The Scoop on the Texas Homestead Exemption

  • Chelsea Matlock & Bailey Groves
  • 12/12/24

What is the Homestead Exemption?

It’s a tax break for homeowners.

If you own and live in your home, you can reduce the taxable value of your property by up to $40,000 (and more if you're over 65 or disabled). That means you’re taxed on less, and your wallet thanks you!

Why Should You Apply?

Save Money: It lowers your annual property tax bill.

Protection: Shields you from steep tax increases by capping yearly appraisal growth at 10%.

Peace of Mind: Can also protect you from creditors in certain situations.

How to Apply (It’s Easier Than You Think):

Check Eligibility: You must own and occupy the home as your primary residence as of January 1.

Gather Your Docs: Proof of ownership (like a deed) and your Texas ID with the same address.

File for Free: Submit your application to your county appraisal district by April 30. (Bonus: It’s free!) 

Hood County Appraisal District Website

Erath County Appraisal District Website

Parker County Appraisal District Website

Somervell County Appraisal District Website

Don’t Miss Out!

Applying is a one-time deal unless you move or your status changes. Click below for the application form and step-by-step instructions:

Homestead Exemption Application 

Have questions? Send us an email, and we’ll gladly help you navigate the process.

Cheers to saving on taxes!

-C&B

 

 

 

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