Homestead Exemption Explained – Austin, Texas

The homestead exemption in Texas will allow you to reduce your property taxes. The only requirements are:

  1. The house you’re laiming the exemption on is your primary residence.
  2. You lived in the house on January 1st of the year you’re claiming the exemption.

The way it works is the appraised value of the house will be reduced, which will lower the taxes.

Charles Lewis is a REALTOR® in the Austin area. He helps people all over the Austin metro area buy and sell houses. Schedule a no-obligation phone call to find out he can help you accomplish your real estate goals.