Selling your home when you still need to shop for a new one can feel daunting to even the most seasoned homeowner––especially when the demand for new homes keeps rising, but the supply feels
Homestead Exemption Time
Dated: January 19 2017
It's that time of year when, if you purchased your home - the one you live in, not investment property - the previous year, it's time to remind the county about it, in order to save some tax dollars through a homestead exemption. The deadline for most homeowners is April 30th.
Your county's appraisal district office location information can be found here:
The following is from Travis County's website on the subject:
How much will I save?
An exemption removes part of the value of your property from taxation and lowers your tax bill. In addition to the state mandated exemption amounts for school taxes, each taxing unit decides whether to offer the optional exemption and at what percentage. For example, Travis County offers a 20 percent exemption for the Homestead exemption. If your property were valued at $200,000 and you qualify for the 20 percent Homestead exemption from the county ($40,000), you would pay county taxes on your home as if it were worth only $160,000. The amount of savings depends on the exemption and the amount of exemption allowed by each taxing unit.
Filing is fairly straightforward. For more information, you may consult the website for your county:
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