If you purchased a home in 2017 or have never filed a Homestead Exemption, we wanted to be sure you had the paperwork you need to file for your Homestead Exemption. You can either mail or drop off at your local County Appraisal District Office.
You may apply for homestead exemptions on your principal residence. Homestead exemptions remove part of your home's value from taxation, so they lower your taxes.
For example, your home is appraised at $100,000, and you qualify for a $25,000 exemption (this is the amount mandated for school districts), you will pay school taxes on the home as if it was worth only $75,000. Taxing units have the option to offer a separate exemption of up to 20 percent of the total value.
Please be sure the county appraisal district has the completed application with any required documents by April 30th.
Here is the download for the Homestead Exemption paperwork or you can get directly from your county Appraisal District website.
And as always, RE/MAX River Cities is here for all your real estate needs!