New Law Effective January 1, 2022 for Homestead Exemptions
Homeowners are no longer required to wait until January 1 of the year following the purchase of a primary residence to qualify for a homestead exemption. As of January 1, 2022, a homeowner can receive their exemption in the year the property is acquired.
Requirements:
The homeowner must be an individual (not a corporation or a business)
The home must be the owner's principal residence
Only one property may be claimed at a time
What is a Homestead Exemption?
Homestead exemptions are granted by the county appraisal district where the property is located. The exemption reduces a homeowner’s property tax bill by removing part of the home’s value from taxation. All Texas homeowners may receive a General Residence Homestead Exemption of $25,000 on the value of their property for school taxes. Other taxing entities may also offer exemptions of some percentage of the home’s value. Other exemptions are available to homeowners who are over 65 or disabled, and require the same application process.
Homestead exemptions remove part of your home’s value from taxation. If you want to receive a homestead exemption for the taxes on your home, the home must first qualify as a residence homestead on January 1 of the year you are applying.
How do Homeowners Apply?
For additional information on types of exemptions and county forms, see the links below.
1. Complete the APPLICATION FOR RESIDENTIAL HOMESTEAD EXEMPTION (click below for your county):
2. Include a copy of your DRIVER’S LICENSE or IDENTIFICATION CARD from the Texas Department of Public Safety at www.txdps.state.tx.us. The address MUST MATCH the homestead address.
If you have questions about filing a Homestead Exemption this year, don’t hesitate to reach out to any members of our team at 512-646-6412.