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Tax Deferral Affidavit Age 65 or Older or Disabled Homeowner 50 126 Tax Deferreal Affidavit Age 65 or Older or Disabled Homeowne 2017-2025

50 126 2017-2025 Form

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Video instructions and help with filling out and completing Tax Deferral Affidavit Age 65 Or Older Or Disabled Homeowner 50 126 Tax Deferreal Affidavit Age 65 Or Older Or Disabled Homeowner Form

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[Music] hello this is pat o'connor and the topic for this video is what should you do if you inherit a home with an over 65 tax exemption in place well first of all if you inherit the home and it was your spouse that passed you don't need to do anything the over 65 exemption for the remaining spouse the exemption stays in place if you're 55 or older so you don't even have to be 65 to take over an over 65 exemption from your spouse but if you're 55 or older and your spouse passes you can just leave the over 65 exemption in place but for the sake of this video let's say it was a parent who died and you are inheriting the house if a deed is filed the appraisal district will very likely cancel the over 65 homestead exemption you might think well that's a bad thing because it really reduces your property taxes but if your parent died in test date without a will and no deed is filed the appraisal district will likely not remove the over

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TX Form 50-126 2017
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TX Form 50-126 2010
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