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The Homestead Exemption is one of the best ways for homeowners like you to combat the steady increase of Texas property taxes. Available to almost anyone living in the subject property (as opposed to leasing out the property), the Homestead Exemption can save you up $230 to $250 in taxes annually. Most importantly though, it prevents your home’s assessed value from ever increasing more than 10% annually, which is especially important in the ever-upward-trending DFW housing market.
You can apply for a Homestead Exemption between January 1 and April 30 for the given year. The property you want to exempt must be your primary residence as of January 1 of the year you apply.
As follows are simple, step-by-step instructions on how to apply for Homestead Exemptions in the counties that make up DFW.
Providing you with comprehensive, high-quality service is Team Nelson’s top priority. We provide you with the support you need to navigate the DFW real estate market, from the moment you decide to list your home through the close.
If you have any questions about Exemptions, selling your home, buying a new home, or your local real estate market, please contact us and we’ll help you out!