How to apply for a homestead exemption - PowerPoint PPT Presentation

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How to apply for a homestead exemption

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Applying for a homestead exemption may sound complicated, but with a two-step process and familiarity with the deadlines, you can save thousands of dollars on your property taxes. Visit: www.poconnor.com – PowerPoint PPT presentation

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Title: How to apply for a homestead exemption


1
How to Apply for a
Homestead
Exemption
www.poconnor.com
2
What is a
Homestead Exemption?
The Homestead exemption, exclude the word taxes.
Most states offer the homestead exemption taxes.
www.poconnor.com
https//youtu.be/db5_p2leJd8
3
Who Qualifies?
You must own your home on January 1 of the year
for which you are applying. Your house has to be
the principal residence as of January 1st and
you should not claim a homestead for any other
property. Only individual property holders (not
organizations or different elements) get an
homestead exemption. A property can be a house,
townhouse, or a manufactured home.
www.poconnor.com
4
How to Apply For a Homestead Exemption
Applying for a homestead exemption may sound
complicated, but with a two-step process and
familiarity with the deadlines, you can save
thousands of dollars on your property taxes.
www.cutmytaxes.com/important-tax-deadlines-and-dat
es-of-2021
www.poconnor.com
Download the Residence Homestead Exemption
Application from your county appraisal
districts website and fill it out. Mail your com
pleted form, along with all required documents,
to your county appraisal district.
5
How much will I save with the Homestead
Exemption?
How much you save with the homestead exemption
depends on the exemption amounts and tax levels
adopted by your city, county and other local
governments. A homestead valued at 200,000 with
a 20 exemption (40,000) means you pay
property taxes as if your home were valued at
160,000.
www.poconnor.com
6
Texas Property
Tax Protest Provider Expert tax consultants provid
ing property tax reduction services for both resid
ential and commercial property
owners. www.poconnor.com
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