Homestead Exemption

January 22, 2021

Homestead Exemption

Did you purchase a new residence in 2020? If so, it’s time to file your homestead exemption! A homestead exemption helps you save significantly on taxes on your home. This exemption removes part of the value of your property from taxation, which can considerably lower your taxes. In Harris County, you can get up to a 20% tax break when you file the homestead exemption. For example, if your home is valued at $100,000 and you qualify for a $20,000 exemption, you pay taxes on your home as if it was worth only $80,000. Applying is simple – but it is time sensitive. Applications are accepted from January 1st to April 30th, and fortunately, it’s a one-time process for the duration […]
Buy now