Have You Filed for Your Homestead Exemption?

Happy New Year! With the birth of 2020, it’s time to remind you homeowners of an important topic: filing your homestead exemption.

Looking to buy a home? Search All Homes
Looking to sell a home? Get a Free Home Value Report

If you bought a home within the last year, you should file for a homestead exemption now. Apply for the exemption below—under the “Application/Form” section, click on “Residential Homestead Exemption” and fill out the application.

Apply here for any of the following counties:

Bexar County
Comal County
Kendall County
Medina County

Remember, you will need to have your driver’s license changed (unless you’re in the military), and you’ll need a copy of your utility bill or some official document that shows you live in the house for which you’re trying to claim your homestead.

For those who aren’t aware, filing for a homestead exemption shows that you’re not living in an investment property—your home is just that, your homestead. This allows you a discount on your taxes each year; it’s not a huge discount, but it’s worth getting a couple hundred dollars taken off your taxes each year.

 

  You should file for a homestead exemption now.

 

Additionally, if you file for bankruptcy while living in a home recognized as your homestead, your house can’t be taken away from you to satisfy that debt unless you stop making your mortgage payments.

If you didn’t file when we sent you this information last time, you may want to check to see if your exemptions are present. If you have disability exemptions or over-65 exemptions, Bexar County’s website will be able to help you, as well.

If you have any questions about the homestead exemption or how to apply, don’t hesitate to reach out to me. I’d love to help you. Until then, have a happy New Year!

Categories: San Antonio Real Estate.