Want to Save Money? - File For Your Homestead Exemption!

Real Estate Agent with Keller Williams - BV 581856


A buyer of mine saw the taxes for a home he is interested in listed as over $5300, and said, "Is this correct?  Will I have to pay $5300/year?!" and my response was, "$5300 is the current amount WITHOUT a homestead exemption."  So, if you are buying a home to lease out, then you would pay the full $5300.  

However, if you plan to live in the property, you will want to file a homestead exemption!  


The following information is compiled from the Harris County website www.hcad.org  as of 12/5/19.  


tax time

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Property Tax Exemptions for Homeowners

A homestead exemption helps you save on taxes on your home. An exemption removes part of the value of your property from taxation and lowers your taxes. Just as an example, if your home is valued to be worth $200,000 and you qualify for a $40,000 exemption, you pay taxes on your home as if it was worth only $160,000.

What Types of Homestead Exemptions Are Available?

School taxes — all homeowners. If you qualify for the homestead exemption,

you will receive at least a $25,000 homestead exemption on the value of your

home for school district taxes.


County taxes — all homeowners. Harris County currently provides a 20%

optional homestead exemption to all homeowners. 


Optional exemptions — all homeowners. Any taxing unit, including

a school district, city, county or special district, may offer an exemption

for up to 20% of your home's value. The amount of an optional exemption

can't be less than $5,000, no matter what the percentage is. For example, if

your home is valued at $20,000 and your city offers a 20% optional

exemption, your exemption is $5,000, even though 20% of $20,000

is just $4,000. The governing body of each taxing unit decides whether

it will offer the exemption and at what percentage. This percentage

exemption is added to any other homestead exemption for which

the applicant qualifies.

Application Deadline

You should file your regular residential homestead exemption application between January 1 and April 30. Early applications will not be accepted. If your application is postmarked by April 30, this will allow the district time to process it before your tax statement comes out in the fall.


For more information or questions regarding Harris County taxes, please call (713) 957-7800.


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Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

This is a very generous offer for owner occupied residents to take advantage.  In Indiana it is $45,000 off the assessed value for the homestead exemption plus a supplemental homestead credit.

Dec 05, 2018 03:56 PM #1
William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

In Minnesota you need to file by the 15th of december

Dec 05, 2018 08:56 PM #2
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Sonja Patterson

Texas Monthly 5-Star Realtor Recipient for the Hou
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