Content UPDATED for 2021 – filing for a homestead exemption is still the easiest way to save money on your real estate taxes.
These days we are all looking for ways to save money whether it be on our grocery bill or our real estate tax bill. The easiest way to save money on your Spring Texas real estate taxes is by filing for the general homestead exemption.
And it is as easy as cutting coupons out of the Sunday newspaper. The big advantage filing for the homestead exemption is …. you only have to file for it once to receive the money saving benefit of it year after year.
But beware and do not fall for the marketing scam that is prevalent during filing season. Because you do not have to pay a filing fee of $35 to $50 in order to receive a general homestead exemption on your home. You can file for the homestead exemption yourself. The form is only a single page and the instructions are easily understandable. And if you need help filing out the form, give us a call. We will be happy to help for free.
What do you have to do to qualify for the general homestead exemption?
In order to qualify for the homestead exemption, you have to meet three simple requirements: 1) You must own your home on January 1st of the tax year and 2) You must use the home as your primary residence and 3) you or your spouse have not claimed a general homestead exemption on another home.
So how much money do you save on your Spring Texas real estate taxes with a general homestead exemption?
Are there any oh by the ways …. that you should know about?
Yes. There are two things to remember: 1) You do NOT automatically receive the general homestead exemption just because you meet the qualifications and own a home. To receive the exemption you MUST file for it. If you do not file, you will not receive the exemption and 2) You can ONLY file for the general homestead exemption between January 1st and April 30th of the tax year.
So if filing and receiving the general homestead exemption is so easy, why do only 50% of Houstonians that qualify for the exemption receive it? That’s a real good question. And I believe the answer is because homeowners either a) thought they automatically receive the exemption or b) thought they filed for the exemption when they closed on their home or c) just do not know the homestead exemption exists.
The form you need to complete and mail can be located by clicking on this link for Harris county general homestead exemption or this link for the Montgomery county general homestead exemption.
Jill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge... read moreJill Wente is an incredible realtor! We lived in the area for about 3 years before taking the house-hunting plunge and truly could not have chosen a better realtor to work with. Jill is professional and patient, she is an incredible resource who is 100% there for her clients at all times. We had a lot of questions and didn't want to pay any closing costs or prepaid costs out of pocket - Jill is a Master Certified Negotiation Expert and it SHOWS. We got exactly what we wanted at the price we wanted AND had several bonuses thrown in, including appliances and gutters. She was there for inspections/walk-throughs and kept in contact with our builder's salesperson as well. If you want a strong realtor who is also pleasant to work with (which I've learned is rare), then Jill is the realtor for you!! read less