Homebuyer Tips

It's Time to File for Your Homestead Exemption!

If you have a new home, now is the time to file your homestead exemption application in Texas. You have until April 30. 

A homestead exemption lowers your taxes by protecting part of your property value from being taxed. For example, if your home is appraised at $100,000, and you qualify for a $25,000 exemption, you only pay property taxes on $75,000.

Below is more information on how a homestead exemption works and how you might benefit from it.*

Take me straight to Central Appraisal Districts (by county) in Texas so I can apply!

What is a homestead?

A homestead can be a separate structure or home, condominium or a manufactured home located on owned or leased land - as long as the individual who owns the home lives in it.

Qualifications for a Homestead Exemption:

  • Homeowner must be an individual (not a corporate or business)

  • Homeowner must use the home as his/her principal residence on Jan. 1 of the tax year

  • Jan. 1 rule not required for homeowners who are disabled or age 65 and older

Available homestead exemptions (in Texas): (If you live in another state, check with your state’s Comptroller’s office for available exemptions)

  • School taxes

  • County taxes

  • Age 65 or older and disabled

  • Optional age 65 or older and disabled

  • Optional percentage exemptions

Apply Now!

To apply for your homestead exemption in Texas, contact your county’s Central Appraisal District. Click here for a county directory. You have until April 30th to apply for a homestead exemption this year.

Once you receive the exemption, you do not need to reapply unless the chief appraiser sends you a new application.

Of course, if you have any questions, we are here for you. Call us at 940.696.0000

* First Bank is not a tax advising agency. All information contained in this e-mail is for information only and does not replace tax advice from a tax professional. 

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