I have a customer who is moving here from out of state that asked me today what a Homestead Exemption was, and how she could qualify for one. Here is a brief overview of what I shared and thought others might like to know...

What is a Residential Homestead Exemption?

A residential exemption removes part of the value of your property from taxation and lowers your taxes.

What are the qualifications?

•-You must own the property on January 1

•-The property must be your primary residence on January 1

•-You may not have claimed a residence homestead exemption on any other property

Please contact the appropriate appraisal district to notify taxing authorities of a change in ownership. We have provided the websites for you below.

They can also provide you with; more information on the Homestead Exemption, as well as other exemptions for which you may qualify and the application to take advantage of these tax savings, to be returned between January 1^st and April 30^th.

Dallas County Central Appraisal District ----- http://www.dallascad.org/ 

Denton County Central Appraisal District ----- http://www.dentoncad.com/ 

Collin County Central Appraisal District ----- http://www.collincad.org/

Tarrant County Appraisal District ----- http://www.tad.org/

--Our goal in maintaining this blog is to provide you with valuable information, tips, and general insight for buyers, sellers and investors in the Dallas Texas real estate market. If you choose to use Exceptional Realty Services, feel free to call us anytime, we'd be honored to help. We can assist you with the process of finding a home, help with getting a loan, information for relocation, listing and selling your home, investment tips and tools, foreclosure assistance, and short sale information.