Need to file your Homestead Exemption?
You can apply here for Travis County, here for Williamson County and here for Hays County.
You may file for your exemption once you have occupied the home as your primary residence on January 1st of that year. ***You will have to attach a copy of your driver’s license with your new home address. You can change your address online here.
What is your Homestead Exemption?
If you are using the home as your primary residence it is known as your homestead. The homestead exemption removes part of the value of your property from taxation which lowers your tax bill. Travis County currently offers a 20% exemption. For example, if your property is valued at $300,000 the homestead exemption would remove 20 percent off the value of your home ($60,000) so you would pay county taxes on your home as if it were worth only $240,000. That would be an annual tax saving of $1,425.
Your tax rate is most likely between 1.8% and 2.375%. We will use the higher end for this example.
$300,000 x 2.375% = $7,125
$240,000 x 2.375% = $5,700
$7,125- $5,700 = $1,425 savings
You can find out your property value, tax rate and tax amount on the Travis County tax office website.
Have a question? Email me!
