Q: We purchased a newly constructed house in Hays County on May 31, 2022. The developer owned it prior to our purchase. I filed for the homestead exemption as well as the over-65 exemption. Both were ...
Homeowners or prospective buyers in Texas probably have heard of the state's homestead exemptions, which affect property taxes. However, as useful as the exemption can be, it is important to ...
For example, if your home is valued at $200,000 and the exemption is $40,000, then you would pay taxes on $160,000 of its value. By the way, the value of your home for taxing purposes is the value of ...
Texas property taxes and the general residential homestead exemptions have been all over the news this past year due to the passing of Proposition 4 in November 2023. This law increased the annual ...