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Harris County Application for Residence Homestead Exemption Form 1113 0114

Harris County Application for Residence Homestead Exemption Form 1113 0114

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Hey Jennifer Yoingco of Texas Homegroup here, if you're new to my channel welcome, do not forget to hit the subscribe button and the notification bell, I provide up-to-the-minute videos every Tuesdays. For today's topic, it's all about --what is a homestead tax exemption and how to file for one here in Texas. Let's explore it right now. What is a homestead tax exemption? If you bought a property last year and it is your primary residence you may qualify for a homestead exemption. The exemption will reduce assessed value of your property for tax purposes,so your tax only for a certain portion of the value of your home, in many cases homestead exemptions are based on a percentage of value or set amount whichever is less. For example, if the tax assessor values your home at $250,000 and your exemption, let's say your general residential exemption allows you for 10 percent, so that's $25,000 in value you will be taxed an assessed value of $225,000. So it varies state by state and by local

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