What is a Homestead Exemption? Homestead exemptions remove part of your home’s value from taxation, therefore lowering your taxes. If you want to receive a homestead exemption for the taxes on your home, the home must first qualify as a residence homestead on or before January 1st of the year in which you are applying.
There are two requirements: 1. You must own your home on or before January 1st 2013. (If you are over 65,and/or disabled the January 1st ownership and residency are not required.) 2. You must use the home as your principal residence on January 1st 2013.
Here is the link to the Texas Homestead Exemption Form
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