Homestead Exemption

What's the Texas Homestead Exemption?

As a homeowner in the State of Texas, you're entitled to a reduction in your real estate taxes. When you first close on your home, you continue to ride on the coat-tails of the former owner (seller) to receive the exemption for the remainer of that year.

Once the new year begins, you need to file a Homestead Exemption form with the Tarrant Appraisal District in order to receive the reduction from that point forward. (You only file once for all the years you own the home, unless your status changes.)

Typically, your home's tax value is reduced by $15,000 for tax calculation purposes. Don't you just love Texas?!

If you qualify for the over-65 exemption or are disabled, you are entitled to an additional $10,000 reduction in value. Click here for more Homestead Information

Offers the most up-to-date information on North Texas real estate and Southlake homes. We also provide information on home selling, home buying, and other realty services for any one looking to sell a house or buy a house in Westlake, Grapevine, Keller, Trophy Club, Colleyville Dallas TX .