Remember, Now is the time for all buyers who bought a home in the state of Texas last year to apply for the Texas Homestead Exemption to help reduce the amount you pay on your property taxes.
The homestead must be a person’s primary residence. Homeowners in the state of Texas must be the owner occupant of the residence as of January 1st of that particular tax year. Example, if you bought a home in July 2014, you are not allowed to claim the Homestead Exemption until January 2015. Homeowners will not receive any protections of the law until this claim has been filed. This protection can be lost if the homeowner abandons the protected property by taking up primary residence in another property in the state of Texas. In other words, you are only allowed to have one Homestead Exemption at a time. If you live in Bexar County, and wish to apply for your Homestead Exemption to reduce your property taxes see Form for Texas Homestead Exemption.
Texas’s Homestead Exemption has no dollar value limit and has a 10 acres(4.0 hectares) exemption limit for homesteads inside of a municipality(urban homestead), and 100 acres(40 hectares) for those outside of a municipality(rural homestead). The rural acre allotment is doubled for a family: 200 acres(81 hectares) can be shielded from creditors in Texas for a rural homestead.
Texas allows a deduction equal to 20% of house value. Additional exemptions are available for county taxes, people over 65, and people who have a disability or a military disability. For residents in Bexar County see, Bexar County Tax Appraisal District. For all other Texas Counties, see Texas Association of Appraisal Districts.
If you are thinking about buying or selling a home in and around the Greater San Antonio area, Contact Jerry at 210-789-4216, or visit my website at Homes For Sale in San Antonio, where you can search at your own leisure. I am here for all of your real estate needs. needs.
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