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Homestead Exemption
The House You Own And Call Home
The Texas Comptroller website defines homestead as a separate structure, condominium or a manufactured home located on owned or leased land, as long as the individual living in the home owns it. A homestead can include up to 20 acres, if the land is owned by the homeowner and used for a purpose related to the residential use of the homestead. Homestead exemptions can be submitted between the dates of January 1st and April 30th every year.
Many homeowners do not realize that the homestead exemption is free, and the application can be easily filled out. For more information on a homestead exemption in the state of Texas, I highly recommend you visit the comptrollers website. Texas Comptroller
Some homeowners who temporarily move away, can still be eligible for their homestead exemption. Other tax exemptions such as those for individuals over the age of 65 and disabled individuals are available too.
You can also visit the resources page on my website for more information and links. Resources
Market Perspective
Market Perspective
Home ownership rates continue to climb across the States.
Americans still choose to buy vs. rent…including millennials!
Some good questions to ask and consider:
- Do you know if you’re eligible for a home loan?
- Do you know your credit score?
- Are you paying too much for rent?
- Are you happy with your current home?
- When is the last time you spoke to a mortgage loan officer or realtor?
Take a look at the attached article, and comment below with your questions.
