Homestead Exemption in Texas...more complex

The application process for a homestead exemption in Texas is about to grow more complex.  Earlier this year, the Texas Legislature approved new standards of mandatory disclosure for any one of several kinds of homestead exemptions.  Beginning on September 1, 2011, those new rules go into effect.  Prior to September 1, a homestead exemption was relatively easy to obtain; a property owner simply filed an application.  Now, home buyers will have to follow new rules and provide more proof they are eligible for the claimed exemption.

In order to receive a homestead exemption for property tax purposes, applicants must now provide a copy of their Texas driver’s license or Texas state-issued identification card and a copy of their vehicle registration receipt with their application for a homestead exemption.

In addition, the addresses shown on each of the documents must be the same as the address for which the homestead exemption is sought, according to the Harris County Appraisal District.

Those who do not own a vehicle will be required to submit a notarized affidavit certifying that fact and provide a copy of a current bill received from a utility company. The address on the utility bill must be the same as the address on the application for a homestead exemption.

Become up today about the process.

Charles Gardner, Realtor/Investor

ZIP Realty-Serving Humble, Kingwood, Spring and Atascocita TX

281-940-4669

http://facebook.com/CGardnerTxRealtor

Texas Law requires all real estate licensees to give the following information about brokerage services: http://www.trec.state.tx.us/pdf/contracts/OP-K.pdf

 
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5 Comments on Homestead Exemption Just Became More Complex

SEP
03
2011
1,309,312 Points 96 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

THat is some very interesting information. I had no idea these rules went into effect this week.
7:02pm • #1
SEP
04
2011

Hello Donna,

Yes you may be aware that there are a number of rules that went into effect as of the 1st of Sept.  Our representatives were very busy.
10:14am • #2
561,421 Points 12 Featured Posts Localism Sponsor Outside Blog Hit Router Called Shot Master

This is interested about homestead.  I am going to check on California's homestead laws and see if there are any changes.  Thanks for sharing.
4:46pm • #3
SEP
11
2011
355,728 Points 19 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Too bad this can't be done with the recording of the documents associated with buying the homestead. Maybe that's not such a good idea-closings are long enough as it is. 
11:52pm • #4
SEP
20
2011
586,544 Points 4 Featured Posts Outside Blog Called Shot Master

I hope most Texas property owners are not consufed about this new law.  It only applies to getting the homestead tax exemption.  No action needs to be taken by the property owner with regards to the homestead protection exemption.
1:55pm • #5


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Charles Gardner-Realtor/Investor

Humble, TX

More about me…

ZIP Realty, Inc-Houston District

Address: 4582 Kingwood Dr, Ste 162E, Kingwood, TX, 77345-2640

Office Phone: (281) 940-4669

Cell Phone: (832) 527-5098

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