The State of Texas passed new legislation, so there’s a new and exciting update to homestead exemptions in Texas! We’ll cover what you need to know about the new legislation and what it means for you and the real estate market. What Is A Homestead Exemption? A homestead exemption lowers a homeowner’s property tax by removing part of the home’s value from the taxation. The home’s...
Remember the Homestead Exemption we mentioned in our April newsletter? Your efforts to file and save yourself money have paid off! Leander City Council approved a homestead exemption on June 3rd. The Homestead Exemption Earlier this month, Leander City Council approved a residential homestead exemption of $5,000 or 1% of the home’s appraised value, whichever is greater, as property values...