Keep More of your Money in 2022

Franceanna Campagna • Jan 10, 2022

File your Homestead Exemption for 2022

What is a Homestead Exemption?

Homestead Exemptions are granted by the county appraisal district where the property is located. The exemption reduces a homeowner's property tax bill by removing part of the home's value from taxation. All Texas homeowners may receive a General Residence Homestead Exemption. of $25,000 on the value of their property for school taxes. Other taxing entities may also offer exemptions of some percentage of the home's value. Other exemptions are available to homeowners who are over the age of 65 or Comp, and require the same application process.

Who Qualifies for This Exemption?

These requirements must be met to receive the exemption.

You must own your home. A new law just went into effect January 1, 2022, that allows you to take the exemption in the yar in which you purchase the property.
You must reside in the home as your principal residence. You are unable to claim any other property as your homestead.
Only individual homeowners may receive a homestead exemption. Corporations or other entities are not included.
A homestead can be a house, a condominium or a manufactured home. It can include up to 20 acres, if the land is also owned by the homeowner and used as a yard, or for another purpose related to the residential use of the home.
You must apply between January 1st and April 30th of the year for which you want the exemption.

How do Homeowners Apply?

Complete the APPLICATION FOR RESIDENTIAL HOMESTEAD EXEMPTION which is available on the websites of most county appraisal districts or at the Texas Comptroller's Website https://comptroller.texas.gov/taxes/property-tax/forms/
Include a copy of your DRIVER'S LICENSE or IDENTIFICATION CARD from the Texas Department of Public Safety. https://www.dps.texas.gov/ The address on your ID MUST MATCH the Homestead Address.