If you bought a house in 2006, and are living in it as your primary residence, you may qualify for a homestead exemption through the Texas Tax Code. An exemption removes part of the value of your property from taxation and lowers your taxes. The person claiming the exemption
must reside at the property on January 1 and cannot claim a homestead
exemption on any other property.
There are two different ways that the state of texas uses the homestead laws.
1. Applying through the appraisal district, you can reduce your tax payments through the Texas Tax code.
2.The Texas Property Code allows homeowners to designate their home as their homestead so that they can't be forced to sell to satisfy creditors. This law doesn't protect you from the foreclosure of your home for not paying taxes. The appraisal district is unable to answer questions about designating your home as your homestead for this purpose.
How to Apply for the Homestead Exemption:
1. Follow this link to Travis County's application form: http://www.traviscad.org/HomesteadExemption.pdf
or this link for Williamson County residents: www.wcad.org. Then go to Forms on the left of the screen, and then Application for Homestead Exemption.
2.You will need your drivers license or social security number.
3. Send in your application after January 1st, but no later than April 30th.
Comments