What You Need to Know About Property Taxes and the Homestead Exemption in Texas

How Property Taxes Are Calculated

The Appraisal

A property’s appraised value is determined annually by the county appraisal district (CAD)

The Math

Appraised Value multiplied by the Tax Rate then divided by 100 equals the Property Taxed Owed

The General Homestead Exemption

All homeowners are given a $25,000 exemption from their home’s value for taxation purposes.   

For example, if your home is appraised at $200,000 then you will pay taxes as if it were worth only $175,000.

Qualifications for Claiming a General Homestead Exemption

  1. Have owned the property as of January 1st of the tax year
  2. Be an individual person (i.e. not a corporation or business entity)
  3. Use the property as their primary residence
  4. Not be claiming a homestead exemption on another property

Have you filed your Homestead Exemption?

Homestead Exemptions can save a home owner thousands of dollars on their property taxes.Do you need assistance filing for you Texas Homestead Exemption?

GENERAL INSTRUCTIONS: This application is for use in claiming residence homestead exemptions pursuant to Tax Code Sections 11.13, 11.131, 11.132, 11.133 and 11.432. The exemptions apply only to property that you own and occupy as your principal place of residence.

WHERE TO FILE: This document, and all supporting documentation, must be filed with the appraisal district in the county in which your property is located. Location and address information for the appraisal district office in your county may be found at:

comptroller.texas.gov/propertytax/references/directory/cad.

APPLICATION DEADLINES: You are to file the completed application with all required documentation beginning Jan. 1 and no later than April 30 of the year for which you are requesting an exemption. If you qualify for the age 65 or older or disabled persons exemption or the exemption for donated homesteads of partially disabled veterans, you are to apply for the exemption no later than the first anniversary of the date you qualify for the exemption.

Pursuant to Tax Code Section 11.431, you may file a late application for a residence homestead exemption, including an exemption under Tax Code Sections 11.131, 11.132 and 11.133, after the deadline for filing has passed if it is led not later than one year after the delinquency date for the taxes on the homestead.

DUTY TO NOTIFY: If the chief appraiser grants the exemption(s), you do not need to reapply annually. You must reapply if the chief appraiser requires you to do so, or if you want the exemption to apply to property not listed in this application.You must notify the chief appraiser in writing before May 1 of the year after your right to this exemption ends.

OTHER IMPORTANT INFORMATION

Pursuant to Tax Code Section 11.45, after considering this application and all relevant information, the chief appraiser may request additional information from you. You must provide the additional information within 30 days of the request or the application is denied. For good cause shown, the chief appraiser may extend the deadline for furnishing the additional information by written order for a single period not to exceed 15 days.

Comptroller of Texas Tax Form 50-114

In an effort to help make your life a little easier, here are the links or phone numbers to download or request the Homestead Exemption forms that apply to all homeowners, those over 65, the disabled, disabled veterans, and surviving spouses.

Forms

Bastrop County: Call 512-303-1930


Those in Williamson County have the option to fill out an online exemption form. Click here to view.

General information about Homestead Exemptions
Click here
to read about how to know if you qualify for Homestead Exemptions and what kind of exemptions are available to all homeowners.

Homestead Exemptions for Homeowners age 65 and over or with disabilities
Click here to read about exemptions, limitations and special instructions for homeowners age 65 and over and homeowners with disabilities.

Homestead Exemptions for disabled veteran homeowners

Click here to read about exemptions, limitations and special instructions for disabled veteran homeowners.