Foreclosure in Westbury>Question Details

Kmcgregor, Home Buyer in Westbury, Houston, TX

what is a homestead exemption?

Asked by Kmcgregor, Westbury, Houston, TX Mon Jul 13, 2009

Help the community by answering this question:


The Texas Constitution provides for homestead exemptions that let a homeowner pay lower taxes on a property. The exemptions that may apply include: school taxes (up to $15,000), county taxes for flood control or infrastructure (up to $3,000), general homestead exemption (up to $15,000), and disability exemption (up to $10,000).

To file a homestead, the owner must use the property as his or her principal residence of January 1st of the tax year. Once filed, a homeowner will not have to file again. The homestead will remain on the property until the owner sells the home and moves the homestead exemption(s) to another principal residence.

If you've purchased this year, you will file your homestead pn or after January 1st, 2010.
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1 vote Thank Flag Link Tue Jul 21, 2009
In Texas you are allowed a Homestead Exemption on your Home. The exemption saves you about 18% on your property taxes. You must live in the home, and have owned it on the January 1st of the year you are applying for.

Lacinda Homfeld
H & Co. Real Estate
First Imperial Mortgage
0 votes Thank Flag Link Mon Jul 13, 2009
Hi K,
That's a very good question. A homestead exemption is an exemption granted by the County Appraisal District on a person's primary residence. It exempts you from 20% of your taxes. Say you taxes are $1000/year. When you file for your homestead exemption, you would only pay $800 for your taxes. You can only claim homestead on 1 property in the US at a time. You must live in that property by January 1 of the year you are claiming the homestead. Hope this helps.

Amber Carrillo, Broker/Owner
It Homes
0 votes Thank Flag Link Mon Jul 13, 2009
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