The Texas Legislature has made significant changes to the requirements for homestead exemptions. These affect all types of homestead exemptions, not just the regular homestead exemptions. The changes also affect over-65 exemptions, over-55 surviving spouse exemptions (all of which are considered homestead exemptions). Any new applications as of September 1 must comply with all requirements, which are outlined here.
• The recent session of the Texas Legislature imposed rigorous new standards of mandatory disclosure for those property owners who apply for any one of several kinds of homestead exemptions.
• In order to receive a homestead exemption for property tax purposes, applicants must now provide a copy of their Texas driver’s license or Texas state-issued identification card and a copy of their vehicle registration receipt with their application for a homestead exemption.
• Moreover, the addresses shown on each of the documents must be the same as the address for which the homestead exemption is sought.
• Applications for the exemption that are submitted by August 31 will be processed under the pre-September 1 guidelines.
Homestead exemption documents are to be filled out after January 1 and before May 1st. It is my understanding that you can not get a General Residential Homestead Exemption unless you owned the property on January 1st and you occupied it as your principal residence on January 1st and you or your spouse have not claimed a residence homestead on any other property. This is a Texas Law!
If you have any questions or would like to see any of the real estate in the Katy Area, please feel free to contact me at 713-253-5678 or at Angela@AngelaKhomes.com
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We are seeing a huge revision to our homestead laws here in MN, too.