An exemption reduces the value of your property via taxation. As a result, you pay lower taxes. For example, if your home is valued at $100,000 and you qualify for a $10,000 exemption, you pay taxes as if your home’s value is $90,000. In most cases, exemptions are only allowed on your homestead. They do not apply to any other… Read More →

Texas is home to a growing population. Austin, the state’s capitol, remains a vibrant, desirable place to live with a strong residential real estate market. Just south, the hamlet of San Marcos was the nation’s fastest growing city in 2013. Many folks are buying homes in this red-hot real estate market. If you are considering buying or have just bought… Read More →

There are varying factors that can determine whether or not your home qualifies for a tax exemption. For example, you must have lived in the home as of January 1, and the home must be your homestead. Temporarily leaving the home is okay, though should you find another permanent residence, rules apply accordingly. There are rules abound. We’ll go through… Read More →

While property taxes may be the last thing someone new to buying homes wants to think about, it’s important that the rules and regulations on these taxes be understood. Often times new homeowners are faced with unfavorable fluctuations and unheard of taxes. Whether it be a sudden rise in property tax or a surprise reassessment, the homeowner should be aware… Read More →