Property tax exemptions come in all shapes and sizes. The one every homeowner in Texas should know, though, is the homestead exemption. And with a looming April 30th deadline, it’s even more important you know what it is and how it can affect your annual property tax bill.
What makes the homestead exemption so special is it gives all Texas homeowners the opportunity to receive an exemption of $25,000. Separate optional exemptions can also be offered by any taxing unit of up to 20% on the value of your primary residence.
If you’re just hearing about it for the first time here, there’s still a couple of weeks to figure out whether you can qualify or not. Your application must be postmarked by April 30 in order to allow your local county tax to process your statement before the fall.
Along with the homestead exemption, below is a list of other tax exemption opportunities the state of Texas provides to its property-owning citizens:
At Propel Tax, we want you to understand that property tax loans don’t need to be complicated. If there’s an opportunity for our clients to receive other forms of relief, we want them to know how. It’s our job and passion to help those in financial need. If you have any questions on property tax exemptions give us a call at 877.324.8445 and we’d be happy to provide you with the resources that you need to in order to have peace of mind.
Texas property taxes are due January 31st. If you don't have the money to pay them, there are a few options available to you.
Or fill out the form and we will contact you to explain how you can pay your taxes and avoid delinquency.