Happy New Year!!! It is time to gather our 2018 files and prepare to file taxes. If you are a new home owner, you may wonder if a homestead exemption is for you. If so, where do you get an application and how do you file? Allow me to shed some light on this …
In certain states including Texas a homestead exemption will help protect a homeowner’s principal residence from creditors and will also affect your property taxes. Under the homestead exemption, creditors cannot force you to sell your home to satisfy a debt (this does not pertain to mortgage foreclosure or defaulted property taxes). For example, a company financing your car loan cannot force a sale of your home to pay for the defaulted automobile loan. Another advantage of homesteading is it will shield a portion of your home’s value from property taxes. Typically it will shield the first $25,000 to $75,000 of the value from property taxes only requiring you to pay for the remainder of the assessed value. In other words, if your home’s county assessment is $250,000 and your homestead exemption is for $25,000, you are only required to pay property taxes on $225,000.
There are several partial and absolute exemptions available. Some of these exemptions include General Residential Homestead, Over 65, Over 55 Surviving Spouse, Disability Homestead, Disabled Veterans, Charitable, Religious, Freeport and Pollution Control.
For more information on Kaufman County, Texas property taxes click on the following link: http://www.kaufman-cad.org/tax-information/faq/ or google your local county appraisal district.
Applying for the homestead exemption can be done in 4 easy steps:
- Download the application form from your appraisal district’s website–it is free to apply! Note: You must occupy the property by January 1, 2019 to apply.
- Complete the form and attach copies of your Driver’s License. Note: The address listed on your Driver’s License must match the address of the homestead. Check with your local tax appraisal district for further information and requirements before submission.
- Return the form to the Appraisal District by April 30, 2019.
- The homestead exemption will remain in place as long as the owners occupy the property as their homestead. If the owners sell the property or no longer occupy the homestead, they should request a removal of the exemption. Failure to do so may result in the assessment of penalties and interest on the portion of taxes that should not have been exempted.
In the event you wish to dispute your property’s assessed value or would like to know what your home is worth, please feel free to contact me for a free comparative market analysis by clicking on the link below.
https://alessiobassrealestate.com/what-is-my-home-worth/
Hey tһere! Would you mind if I shaгe youг blοg with mү myspace group?
Therе’s a lot of people that I think would really appreciate your content.
Please let me know. Thank you
Oh my goodness! Impressive article dude! Thanks, However I am
going through problems with your RSS. I don’t understand the
reason why I cannot join it. Is there anyone else getting the same RSS problems?
Anybody who knows the answer will you kindly respond?
Thanx!! http://www.Bigdaddysorlando.com/
Your mode of explaining the wһole thing in this pɑragrаph is truly pleаsant, all be able to effօrdtlessly be аware of it,
Thanks a lot. https://projectstudentsafety.org/
I am no longer certain the place you are getting your information, but great topic.
I needs to spend some time finding out more or understanding more.
Thank you for wonderful info I used to be looking for
this information for my mission. https://nicolitalia.com/
This іs the right wеebpage fоr anyοne who wishes to understand thіs topic.
You know so much its almoѕt hard to argue wіtһ you (not that I personally would want
to…HaHa). You defіnitely put a new sin oon a toрic which has been discussed for
decades. Excellent stuff, just wonderful! https://jzziedila94.blogspot.com/
Excellent website. Loⲟts of useful informati᧐n hегe.
I’m sejding іt to some buddіes ans alsо sharing in ɗeliciߋus.
And obviously, thank you on yoᥙr sweat! https://mariagarri.blogspot.com/
Hi! Ӏ could have sԝorn I’ve been to this site before but after going through mɑny of the articⅼes I realized it’s
neeԝ to me. Nonetheless, I’m certainly delighted I found it and I’ll be book-marking it andd checking back
frequently! https://poemasbyneto.blogspot.com/
Տрot on with this write-up, I absolutely believe that thіs wеbsite
needs a great deal more attention. Ι’ll proЬabⅼy
be returning to rеad more, thanks for the adᴠice! https://Www.diigo.com/user/shaaksing1982
Hi to every body, it’s my first go to see of this weblog; this blog consists of remarkable and genuinely good data in support of readers.
Hi, after reading this amazing piece of writing i am also cheerful to share my knowledge here with colleagues.
This is really interesting, You are a very skilled blogger.
I’ve joined your feed and look forward to seeking more of your fantastic post.
Also, I’ve shared your website in my social networks! http://kadenceorlando.com/
Ι think the admin of this site is really working hard for his site, bеcauѕe here every material is quality based information. http://nashkapital.com/user/NorrisKearney/
Hello there! This article couldn’t be written any
better! Looking at this post reminds me of my previous roommate!
He constantly kept preaching about this. I most certainly will forward this post to him.
Pretty sure he will have a very good read. Thank you for sharing!
Incredible points. Outstanding arguments. Keep up the good spirit.
I really like it whenever people get together and share views.
Great blog, continue the good work!
Awesome post.
Wow, amazing weblog format! How lengthy have you ever
been blogging for? you make running a blog glance easy.
The overall glance of your website is wonderful, as well as the content!
What’s up, the whole thing is going fine here and ofcourse every one is sharing facts, that’s really fine, keep up writing.
There’s definately a lot to find out about this topic. I love all of the points you’ve made.
Very great post. I just stumbled upon your blog and wanted to say that I’ve truly loved browsing your weblog
posts. In any case I will be subscribing for your feed and I hope you write once more
soon!
Nice post. I used to be checking constantly this weblog and I’m
impressed! Very helpful information specifically the closing phase :
) I maintain such info much. I was looking for this particular info
for a long time. Thank you and good luck.
Just wish to say your article is as astonishing. The clarity in your post
is simply excellent and i can assume you are an expert on this subject.
Well with your permission let me to grab your feed to keep updated with forthcoming post.
Thanks a million and please keep up the gratifying work.
This is my first time visit at here and i am genuinely impressed to read all at alone place.
A fascinating discussion is definitely worth comment. I believe that you need to write more on this subject matter, it may not be a taboo matter but typically folks don’t discuss these subjects. To the next! Best wishes!!
Hey very interesting blog!
I quite like reading an article that will make people think. Also, thank you for allowing for me to comment!
That is a very good tip especially to those new to the blogosphere. Simple but very precise information… Many thanks for sharing this one. A must read article!
It’s not my first time to visit this web site, i am browsing this website dailly and take nice facts from here all the
time.
May I simply just say what a comfort to discover somebody that really knows what they’re discussing over the internet.
You actually know how to bring a problem to light and make
it important. More people ought to read this and understand this
side of the story. It’s surprising you are not more popular given that you
certainly have the gift.
Good post. I certainly appreciate this website. Keep it up!
Asking questions are genuinely nice thing if you are not understanding anything
entirely, but this piece of writing gives pleasant understanding even.
Hi it’s me, I am also visiting this site regularly, this website is truly good and
the visitors are in fact sharing pleasant thoughts.
My spouse and I stumbled over here different page and thought I might
check things out. I like what I see so i am just following you.
Look forward to looking at your web page repeatedly.
Now I am ready to do my breakfast, afterward having my breakfast coming
again to read further news.
Hey I know this is off topic but I was wondering if you knew of any widgets I could add
to my blog that automatically tweet my newest
twitter updates. I’ve been looking for a plug-in like
this for quite some time and was hoping maybe you would have some
experience with something like this. Please let me know
if you run into anything. I truly enjoy reading your blog
and I look forward to your new updates.
It is in point of fact a great and useful piece of info.
I am happy that you just shared this useful information with us.
Please keep us up to date like this. Thank you for sharing.
I love looking through an article that will make people
think. Also, many thanks for allowing me to comment!
I constantly emailed this blog post page to all my friends, as if like to
read it next my friends will too.
whoah this blog is wonderful i love studying your articles.
Keep up the good work! You already know, many persons are hunting around for this info,
you could aid them greatly.
Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your webpage? My website is in the exact same niche as yours and my users would really benefit from some of the information you provide here. Please let me know if this ok with you. Regards!
Thanks for finally writing about >Homestead Exemption: What You Need To Know | Mary Alessio <Liked it!
Pretty! This has been an extremely wonderful post. Many thanks
for supplying this info.
It is in point of fact a nice and helpful piece of info. I am glad that you simply shared this useful information with us. Please keep us up to date like this. Thank you for sharing.