A house is probably one of the biggest investment the average Texan will ever make. To make such an investment a reality, the state of Texas offers its citizens a simple way to save money on their property taxes through a homestead exemption. Eligible Texas homeowners can reduce the taxes owed on their property by a certain percentage, by filing a homestead exemption. If you wish to know how to go about it, the guide below will help you learn more about Texas Homestead Exemptions.
What is a Homestead Exemption?
A homestead exemption removes a part of the value of your house from taxation and lowers the amount of your property taxes. To qualify you must fulfill the following:
· Be the owner
· Must be your primary residence in January when…