Homestead Exemption in the State of Texas
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Homestead Exemption in the State of Texas
If you bought a home in Texas in 2024 or recently and it’s your primary residence, ensure you apply for the homestead exemption. This exemption caps property value increases by the appraisal district to 10% per year and reduces your school district tax assessment by $100,000. For a $300,000 home, this could save you over $2,000 annually. Many ...
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Do you own your home and live in Texas? Don’t skip the homestead exemption. The homestead exemption in Texas provides legal protection, not just tax savings. Beyond the few hundred dollars off your property taxes, here’s what it really helps with: Protection from most creditors - If someone sues you and wins a judgment, your primary residence is protected. Protection during financial hardship - If you go through financial strain (job loss, unexpected bills, medical emergencies), your home has le
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Do you own your home and live in Texas? Don’t skip the homestead exemption. The homestead exemption in Texas provides legal protection, not just tax savings. Beyond the few hundred dollars off your property taxes, here’s what it really helps with: Protection from most creditors - If someone sues you and wins a judgment, your primary residence is protected. Protection during financial hardship - If you go through financial strain (job loss, unexpected bills, medical emergencies), your home has le
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