What Is the Homestead Exemption?
The Homestead Exemption reduces the taxable value of your primary residence by $100,000 for school district taxes as of January 1, 2023. Additional exemptions are available for seniors, disabled persons, and veterans.
Eligibility Requirements
To qualify for the Homestead Exemption:
- Primary Residence: The property must be your primary residence as of January 1.
- Ownership: You must own the property.
- Residency Proof: Provide a valid Texas driver’s license or state-issued ID card matching the property address.
Step-by-Step Application Process
Step 1: Gather Required Documents
- Proof of Residence: Texas driver’s license or state ID card with the property address.
- Proof of Ownership: A copy of the deed or property record showing you as the owner.
Step 2: Download the Application Form
Visit your local appraisal district’s website and download the Homestead Exemption application form. Many appraisal districts offer online applications for added convenience.
Step 3: Complete the Application
Fill out the form accurately. Key details to include are:
- Your name and contact information.
- Property address and legal description.
- Details about any additional exemptions you may qualify for (e.g., over-65, disability).
Step 4: Submit the Application
- Deadline: Applications are due by April 30 of the tax year.
- Submission Options: Submit your application online, by mail, or in person at your local appraisal district office.
Step 5: Wait for Confirmation
Once your application is processed, you’ll receive confirmation from the appraisal district. If approved, the exemption will be applied to your property taxes for the current year.
Additional Tips
- Check Deadlines: If you miss the April 30 deadline, you may apply late and request the exemption retroactively for up to two previous tax years, if eligible.
- Keep Your Records Updated: Notify the appraisal district if your primary residence changes.
Benefits of the Homestead Exemption
The Homestead Exemption can save homeowners hundreds, even thousands, of dollars annually. For example, a $100,000 exemption at an average school district tax rate of 1.5% results in $1,500 in tax savings.
Simplify the Process with DomuTax
Applying for the Homestead Exemption can feel daunting, but DomuTax makes it easy. Our experts will guide you through the application process, ensuring you receive the maximum tax relief available. Let us handle the paperwork so you can focus on enjoying your savings.
