Qualifying for a homestead exemption is easy. Here's what you need to qualify:
You must own your home. To qualify for a general exemption, you must own your home on Jan. 1. If you are 65 years of age or older or disabled, you need not own your home on Jan. 1. You may apply for the homestead exemption as soon as you qualify and will receive the exemption as of the previous Jan. 1.
Your homestead can be a separate structure, condominium or a mobile home located on leased land, as long as you own it. And, for all you ranch owners, your homestead can include up to 20 acres if the land is used as your yard. A residence can also be owned by an individual through an interest in a qualifying beneficial trust and can be occupied by a trustee of a qualifying trust.
If you are not the sole owner of the home, you will receive only a portion of any qualified exemption, based on your percent of ownership. For example, you own a 25-percent interest in your homestead valued at $100,000, for a total value of $25,000. You will receive 25% of a $15,000 homestead exemption, or $3,750.
You must use the home as your principal residence on Jan. 1. If you have more than one house, you can get an exemption only for your main or principal residence. You must live in this home on Jan. 1.
If you temporarily move away from your home, you can still get an exemption if you don't establish another principal residence and you intend to return. For instance, if you enter a nursing home, your home still qualifies as your homestead if you intend to return. Renting part of your home or using part of it for a business does not disqualify the rest of your home for the exemption. Call me today at 210-789-4216 if you need assistance with you Homestead Exemption claims. Or you may choose to visit the Bexar County Tax Appraisal Office if you live in Bexar County, TX
There is no fee for making the application for a homestead exemption. Again, there is no fee. However, certain companies offer to "process" your application for a fee, notifying homeowners by sending you a letter in the mail. These letters usually will start appearing in your mailbox around the first few weeks of the new year.
The Texas attorney generals' office reports that companies in the past have styled their advertising to make it appear that they are an "official" taxing authority, or that their fee must be paid for the homeowner to get the exemption. Other companies will act as "tax processing centers" - when in fact they're doing no such thing.
These companies will often mail a very official-looking solicitation letter, saying that for a fee (usually $50 or more) they'll take care of your homestead exemption application. But the fact is that Texas law requires all these companies to make it clear that they are not a governmental agency. Still, many people are confused by these letters and send in the fees.
Once again, filing for a homestead exemption is free.You just fill out a simple application and mail it in - no fee required. There's absolutely no reason to get scammed out of $50 in the process. If you are a Bexar County resident, you can get an application from the Bexar County Tax Appraiser's office.
Your Military Relocation Specialist "Serving You For All Your Real Estate Needs"
Jerry Newman, REALTOR®
US Army Retired
1802 NE Loop 410 Ste 520
San Antonio, TX 78217
Helping and Serving the real estate needs of buyers and sellers in the Greater San Antonio, Bexar County, and all the surrounding areas.
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