As an owner of a property in Montgomery or Harris County, you must file for your homestead exemption one time only, once you have lived in the home on January 1. If you bought a home in 2019, now is when you can file, and you have until April 30th of 2020 to do so. If you miss the deadline, you will have to wait until next year to do so.
When filing your Homestead exemption, you will also need to provide a copy of your Texas driver’s license or Texas State issued identification card. The address shown on each document must be the same as the address, for which the Homestead Exemption is sought.
Even is you haven’t bought a home in 2019 to file now, you may want to check the records and be sure you do have a homestead exemption on your property. I have listed many homes where the owners never did and they missed the tax benefits for many years. We had someone last year who had never filed and could have gotten both regular homestead and senior homestead exemption. We assisted and did get the county to go back several years retroactive for this party.
Speaking of senior exemptions, anyone over 65 or disabled may be able to apply for special exemptions, however, the exemption request requires the “Affidavit” portion of the form to be notarized.
As far as savings on your property tax bill, it does vary in different districts and counties, but is most certainly worth taking advantage of. Generally, the districts that give credit for homestead exemption allow 20% of the value of your property from being taxed. For example, a home valued at $100,000 would be taxed on $80,000. Filing your homestead also protects you from losing your home due to certain liens placed on it.
At Beth Ferester & Company Realtors, our agents send out filing forms at the beginning of each year to clients who bought in the previous year. It is an extension of our hands-on quality service we provide.
Please give us a call if you have any questions about homestead exemptions and filing procedures.