Homeowners over age 65 are entitled to additional exemptions. You will be eligible for these exemptions as soon as you turn 65, you do not need to be that age as of January 1 in order to qualify for that tax year. Contact your county appraisal district to determine what exemptions you qualify for. Disabled homeowners can also apply for additional exemptions. This specifically includes those who have a medically diagnosed physical or mental impairment that prevents you from having a job and which is expected to last more than 1 continuous year or to result in death.
Those who receive federal disability benefits under the Old-Age, Survivors, and Disability Insurance Program will also qualify. However, no homeowner can claim both the Age 65 or Older exemption and the Disabilities exemption. If you qualify for both, you must choose one to apply for. Very few people buy or sell a home on January 1, so property taxes can get confusing in that first year as both the buyer and seller will owe taxes on the property, pursuant to their time in ownership. For properties with standard homestead exemptions in place, those exemptions will usually remain for the year of the sale and the taxes will reflect those exemptions, benefitting both seller and buyer.
The buyer will then have to apply for a homestead exemption in the following year as the new owner of the property. It is important to note that any homestead cap in place will be removed when the new homestead exemption is applied for and this can cause a significant jump in property taxes that first year as the home will be taxed based on its full appraised value. If the property has an Age 65 or Older or Disability exemption, the exemption will only stay in place for the year if the qualifying person does not establish a homestead exemption on their new property during that year or if the new owner qualifies for that exemption in their own right.
If those criteria are not met, the taxes will be prorated and the homestead exemption will only be in effect during the time when the qualifying party owned the property. Again, property taxes in this situation could be much higher than what was paid the previous year.
There are a number of additional partial or absolute property tax exemptions available to Texas property owners. They offer exemptions for a variety of circumstances, including inherited property owned by multiple parties, solar and wind-powered improvements, and properties owned by charitable organizations, to name a few.
All exemptions will require a specific application to be submitted to your county appraisal district. If you are not the sole owner of the property to which the homestead exemption applies, one of these ownership situations may apply. Contact your local appraisal district for more information regarding your eligibility.
In , the Texas Legislature passed House Bill , which requires state agencies to publish a list of the three most commonly used Web browsers on their websites. Government Resources Need Help? Programs Home. Start typing a search term. Go Button. Expand All. Do I, as a homeowner, get a tax break from property taxes? Do all homes qualify for homestead exemptions? What is a homestead? What homestead exemptions are available? There are several types of exemptions you may receive.
If the county grants an optional exemption for homeowners age 65 or older or disabled, the owners will receive only the local-option exemption.
If county grants optional exemption for owners over 65 or disabled, owners will receive only the local-option exemption. If owner qualifies for both exemptions over 65 and disabled , owner must choose one or the other for school taxes. Each taxing unit decides if it will offer the exemption and at what percentage. Percentage exemption is added to any other home exemption for which an owner qualifies. The taxing unit must decide before July 1 st of the tax year to offer this exemption. Travis County Homestead Exemption Form.
Williamson County Homestead Exemption Form. Hays County Homestead Exemption Form. Bastrop County Homestead Exemption Form. Burnet County Homestead Exemption Form.
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