馃攳
How to Fill Out Homestead Exemption Form Texas | Homestead Exemption Harris County | Houston Texas - YouTube
Channel: Jennifer Yoingco, Houston Suburb Real Estate
[0]
Hey Jennifer Yoingco of Texas Homegroup here,
if you're new to my channel welcome, do
[6]
not forget to hit the subscribe button
and the notification bell, I provide
[10]
up-to-the-minute videos every Tuesdays.
For today's topic, it's all about --what is
[16]
a homestead tax exemption and how to
file for one here in Texas. Let's explore
[22]
it right now.
[36]
What is a homestead tax exemption? If you
bought a property last year and it is
[42]
your primary residence you may qualify
for a homestead exemption. The exemption
[47]
will reduce assessed value of your
property for tax purposes,so your tax
[53]
only for a certain portion of the value
of your home, in many cases homestead
[58]
exemptions are based on a percentage of
value or set amount whichever is less.
[63]
For example, if the tax assessor values
your home at $250,000 and your exemption,
[70]
let's say your general residential
exemption allows you for 10 percent, so
[73]
that's $25,000 in value you will be
taxed an assessed value of $225,000.
[80]
So it varies state by state and by local
jurisdiction, so technically it will help
[86]
you pay lower taxes because of that
reduced tax exemption assessed value.
[95]
What are the eligibility requirements?
First you must own and reside in your
[101]
home on January 1st of the tax year and
cannot claim homestead exemption on any
[106]
other property in the state of Texas.
This means, let's say if you lived in
[111]
your home, example December of 2019, you
cannot claim taxes or homestead
[118]
exemption this year, the earliest that
you can do that and file for homestead
[123]
is January 1 of 2020; but if you do
reside and bought your home January 1 of
[129]
2020 then yes you can file for homestead
exemption and save for taxes.
[139]
Second you must provide a valid Texas
driver's license or Texas identification
[144]
card. In most cases the address must
match the physical address of the
[149]
residents for which you are applying,
visit DPS the Texas gov for information
[156]
and fees about how to file and get a new
drivers license or identification card.
[161]
Again extra exemptions may be available
for senior citizens, disabled veterans
[167]
and other groups; in many cases if you
need to apply for a homestead exemption
[172]
make sure to apply between January 1st
and April 30th. The exemption often
[178]
automatically renews in subsequent
years, so you don't have to worry about
[182]
it.
Be wary, on those mailers or solicitation
[186]
mail that looks official and asking for
payment to help you file for your
[190]
homestead. Keep in mind filing for
Homestead is free. If you are not sure
[197]
about the mailer that you've received or
it's coming from the government or not
[200]
reach out to me and give me a picture, a
copy picture and I'll let you know if
[205]
it's official or not. Now I'll show you
how to complete a homestead tax
[212]
exemption form in Texas particularly in
the Harris County if let's say you're in
[218]
a different County like Fort Bend
Brazoria County etc all you need to do
[224]
is go to google and type the county
example Fort Bend and type appraisal
[230]
district then Google will give you the
list of addresses and you can click the
[237]
link so you can go in there,so let's get
started. Okay I'm here at Google and
[247]
trying to search for HCAD.org since
we'll be filing the homestead tax
[254]
exemption for Harris County appraisal
district so that is the county so all
[260]
you need to do is Google HCAD.org click
this link then go all the way to forms
[273]
all forms then as you scroll down you
will find the form for the general
[281]
homestead exemption so it's in this area
residential exemption and this is the
[290]
form that we'll be filling out for the
tax homestead exemption.Click this link
[298]
ok as you can see this form is pretty
straightforward
[302]
you can put your account number tax
account number you can get that from the
[307]
HCAD website as well if you don't know
you can reach out to your realtor who
[313]
has assisted you in selling the
home or buying the home. The tax here is
[320]
the current tax year that you'll be
filing for your residential homestead.
[326]
Question here, do you own and live in the
property for which you are seeking this
[331]
residence homestead exemption say yes
click that and in section one all you
[339]
need to fill out here is usually
the general residence homestead
[343]
exemption check that and if other
applies to you like say you're a
[350]
disabled person or a person aged 65 or
older you can check those items as well
[358]
as we scroll down there are certain
questions here that you can answer let's
[368]
say were you receiving a homestead
exemption on your previous residence so
[373]
if it's your first time in buying a
house then obviously the answer is no
[378]
but if you have a previous home and
that's your homestead you can say yes
[382]
there and are you transferring an
exemption from a previous residence yes
[387]
or no again same applies if you have a
previous home and are you transferring a
[393]
tax limitation, usually the question here
is I guess NO the answer to this is NO
[401]
because it's NOT unless you can also
consult your tax
[405]
preparer about this specific question
and you can put your previous residence
[410]
here in previous county the important
part here is to complete section 2 and
[415]
you will check here for your single
adult married couple and other obviously
[422]
if you're a married couple you'll have
to put the name of the property owner
[425]
here your person ownership interest
you'll say 50 percent for the husband
[432]
and 50 percent for the wife but if
you're single
[435]
buying the property then you all you
need to do is put 100% and you could put
[442]
the date if you scroll along here in the
section 3 you could put the date you
[446]
purchased a property and they do began
occupying the property as your principal
[451]
residence okay your physical address
legal description you can ask your
[458]
Realtor about that model model and ID
number if it's a manufactured home ok
[465]
but if it's not you don't need to put
all these information here the same
[471]
thing goes for here the waiver for
required documentation of required
[476]
documentation if it applies to you then
you don't need to provide any issued
[483]
photo or personal identification
certificate for section 5 additional
[490]
information if you have any then all you
need to do is complete this part sign
[495]
and date and make sure that you are not
giving any false statement on this form
[504]
the rest if you scroll down if it
applies to you if you're only age 65 or
[510]
older you have to complete this
affidavit the same thing if you are
[514]
qualifying disability and
have owner enter interest not of record
[527]
that's about it thank you. I hope you
found this video helpful in completing
[533]
your homestead tax exemption here in
Texas. Don't forget to hit the subscribe
[537]
button and a notification bill even the
thumbs up button
[541]
I provide up-to-the-minute videos every
Tuesdays again this is Jennifer Yoingco
[547]
serving Houston, Tomball and Spring. Thank
you for listening
[556]
you
Most Recent Videos:
You can go back to the homepage right here: Homepage