🚨Did you know that Texas now requires you to verify your homestead exemption every 5 years? 🏡 If you receive a letter from your county appraisal district, don’t ignore it! Ignoring it could mean losing your tax exemption and paying more in property taxes! 😱
So, what is a homestead exemption? 🤔 It’s a tax break that allows Texas homeowners to have their property taxes calculated at a lower rate than the appraised or market value of their home. This can lead to significant savings!
But here’s the catch: under the new law, your homestead exemption can now expire! 😲 If you filed for it about 4 years ago like I did, it’s essential to check your status. I’m not leaving anything to chance—I’ll most likely visit the office in El Paso to ensure everything is 100%!
If you receive a verification letter:
1. Check your exemption status: Visit your county’s appraisal district website.
2. Respond to any verification letters: It’s crucial to act quickly to avoid losing your exemption.
3. Reapply if needed: If you lost your exemption, don’t worry! It’s a simple two-page process to get it back. Just ensure your state-issued ID matches your home address.
If you’re eligible to apply for the homestead exemption, please do! And if you already receive it, make sure it won’t expire anytime soon.
Have you received a verification letter? How do you feel about this new requirement? Let’s discuss! 💬👇
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