3 ms·
It doesn't go nearly as far is it should, indeed, and at least in Texas, you can't claim the homestead exemption the first year you own a property. So I bought
by pwinnski 4y ago
It doesn't go nearly as far is it should, indeed, and at least in Texas, you can't claim the homestead exemption the first year you own a property. So I bought a house from someone who had been claiming the homestead exemption and also a senior discount. I immediately filed for the homestead exemption as well, but that doesn't take effect until the second year you own the house. So the property take history looks like: very low, very low, very high, somewhat low, somewhat low.
That rule about paying the full amount on year one is... odd.
- hnhegde 4y agoBeginning Jan 1st 2022, a homeowner can apply for HS exemption the same year and if authorized, can get a pro-rated exemption for the rest of the year, if the preivous owner hasn't already claimed it. Ref: SB 8/2021. Bettencourt. https://capitol.texas.gov/tlodocs/872/billtext/html/SB00008I.htm https://capitol.texas.gov/tlodocs/872/billtext/html/SB00008I...
- pwinnski 4y agoGreat news, just a couple of years too late to help me.