Filing 2017 Homestead Exemption in DFW – What You Need to Know

//Filing 2017 Homestead Exemption in DFW – What You Need to Know

Filing 2017 Homestead Exemption in DFW – What You Need to Know

Homeowner’s favorite topic – property taxes. Not! But, hey, there are perks for us who own our home. Here’s what you need to know about filing your Homestead Exemption if you bought a home in Texas in 2017.

Deadline for filing is April 30th, 2018

  • You have until April 30th to file for a residential Homestead Exemption
  • You don’t need to pay anyone to do this for you – it’s FREE!
  • Below are the links to different counties in north central Texas to file your exemption

What is a Homestead Exemption

  • A Homestead Exemption is an exemption from property taxes available to homeowners in Texas
  • You must apply for the exemption, it does not happen automatically when you close on your home

How does filing a Homestead Exemption benefit you

  • A Homestead Exemption lowers your property taxes by removing part of your home’s value from getting taxed
  • Example: if your home is appraised at $200,000 and you qualify for a $20,000 exemption, it means you will pay property taxes on $180,000 instead of $200,000

Which properties qualify

  • The home for which you’re filing an exemption must be your primary residence
  • You must have lived in the home as of January 1st of the tax year
  • You’re an individual, not a business entity
  • Rental properties do not qualify

Items needed to apply for a Homestead Exemption

  • A copy of your Texas driver’s license or state ID card

Form needed and where to file

  • File the Application for Residential Homestead Exemption with your county’s appraisal district
  • File between January 1st and April 30th of the tax year — or up to one year after you pay your taxes
  • Deadline is April 30th

County Appraisal Districts

Collin County

Dallas County

Denton County

Ellis County

Hunt County

Johnson County

Kaufman County

Rockwall County

Tarrant County

Wise County

By | 2018-01-27T00:03:05+00:00 |Property Taxes|Comments Off on Filing 2017 Homestead Exemption in DFW – What You Need to Know

About the Author:

Dina Lima is a licensed REALTOR® in Texas who loves helping families find the perfect home.