The Texas Homestead Exemption is a property tax relief program available to Texas homeowners. Here's a quick breakdown.
What is a Homestead Exemption and How to Apply?
A Homestead Exemption is a property tax benefit that reduces your taxable amount, potentially saving thousands of dollars annually. For instance, if your home is valued at $1 million and you qualify for a $200,000 exemption, your taxable value becomes $800,000.
How to Apply:
Most counties allow online filing; otherwise, you can mail in the form along with the required documents.
You need to apply for the exemption with your county appraisal district and each county has different requirements. For example, Travis County requires a matching driver’s license address.
Deadline: Typically, you should apply before April 30th of the tax year.
Here Are Details for Several Counties in the Austin Area:
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Travis County: [Mailing Address] P.O. BOX 149012, Austin, TX 78714-9012
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Williamson County: [Mailing Address] 625 FM 1460, Georgetown, TX 78626-8050
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Hays County: [Mailing Address] 21001 IH 35 North, Kyle, Texas 78640
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Bastrop County: [Mailing Address] P.O. Box 578, Bastrop, TX 78602
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Burnet County: [Mailing Address] P.O. Box 908, Burnet, TX 78611-0908
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Llano County: [Mailing Address] 103 E. Sandstone St., Llano, Texas 78643
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Bell County: [Mailing Address] P.O. Box 390, Belton, Texas 76513
Do You Need to Reapply?
No, once accepted, the exemption stays on the property until it's sold. There are other various exemptions including School Taxes, County Taxes, Over 65 and Disabled, Optional Percentage, Optional Over 65 disabled, and Disabled Veterans.
What Are Eligibility Requirements?
You must own the property on January 1st of the tax year, and the property must be your primary residence.
What Are the Key Benefits?
A homestead exemption provides the most substantial savings on school district property taxes and offers a reduction in the property's appraised value for taxing entities other than school districts.
What Documents Are Required?
You’ll need to provide proof of ownership (deed or contract for deed) along with a driver's license or state-issued ID with the property address.
Remember, details can vary slightly by county, so it's essential to check with your specific county appraisal district for accurate information and application procedures.
