The Quick Checklist You Need for Texas Property Tax Exemptions
For Texas homeowners, property taxes are an inevitable part of the landscape, as constant as the state’s vast horizons. While these taxes fund essential community services, they can also place a significant burden on household budgets. Fortunately, Texas offers a variety of property tax exemptions that can provide substantial relief. Property tax exemptions are powerful […]
Property Tax Exemptions Explained
teAs property owners, we understand that taxes are a fact of life. They’re an essential part of our civic duty, contributing to infrastructural development, public utilities, and services in our cities and towns. When it comes to property tax, the bite can sometimes feel more like a chomp. This is especially true if you’re not […]
Which Property Tax Exemptions Do You Qualify For?
Learn More About the Different Provisions for Reducing Your Property Taxes Understanding and leveraging property tax exemptions is a crucial strategy that homeowners can use to effectively manage their expenses. These exemptions can make a significant difference to your annual property tax bill, potentially saving you hundreds or even thousands of dollars each year. Whether […]
Understanding Texas Homestead Exemptions
Owning a home can give you financial security, but it can also come with turbulent costs that may affect your monthly and annual budgets. A significant part of this financial equation is understanding the nuances of property taxes and how to control them, particularly taking advantage of the Texas Homestead Exemption. This exemption is a […]
Understanding the Texas Property Tax Over 65 Exemption
Property taxes have been steeply increasing for years. In 2012, the mean property taxes paid per household was $2,790. However, in recent years, the typical property tax bill climbed all the way up to $3,797. While this is a hard price for most households across the state to pay, staggering property tax increases can jeopardize […]
Your Guide to Understanding Texas Property Tax Exemptions
Property taxes aren’t just expensive in Texas—they can also be complicated. Virtually every home in the state is subject to some combination of city, county, and school district levies, each of which is calculated at a different rate based on your county and jurisdiction. Each residential property is also individually appraised based on its market […]
Homestead Cap Value: Your Key to Successful Property Tax Protests
Texan homeowners often have high property taxes, but you also have access to a few strategies for lowering those taxes. One of them is protesting your property taxes—an annual action you can take to keep the county’s appraisal of your home’s market value low. Another strategy is filing for your homestead exemption and any other […]
Deciphering Taxes: What to Know About Falling Values in Texas
Property taxes should go down when property values go down, right? Unfortunately, the math isn’t always so simple. Even when sales prices reflect falling values in Texas on the active market, as they did in the latter months of 2023, your specific neighborhood might still have increasing market values as individual homes get sold. However, […]
A Guide to Maximizing Homestead Exemption and Cap Benefits
Homeowners with a homestead exemption can save around $1,200 a year on property taxes. Considering Texas has one of the highest property tax rates in the country, that new savings potential (double what homeowners may have seen in previous years) is a welcome sight for residents. At the same time, however, it may not be […]
Homestead Cap in Texas: Your Shield Against Property Tax Hikes
In 2023, Texas state legislators approved a series of changes to the property tax code that promised significant savings for homeowners facing extremely high spikes in property tax bills. These changes included raising the homestead exemption to $100,000 (formerly $40,000), providing a cap for non-homestead properties as part of a three-year pilot program, and lowering […]