Your Property property may qualify for a residence homestead exemption, which will reduce your taxes.
If the property is your home and you occupy it as your primary residence, the property likely qualifies for one or more residence homestead exemptions, which will reduce the amount of taxes imposed on the property. The form needed to apply for a residence homestead exemption is enclosed. Although the form may state that the deadline for filing an application for a residence homestead exemption is April 30, a late application for a residence homestead exemption will be accepted if filed before February 1, 2023. There is no fee or charge for filing an application or a late application for a residence homestead exemption.
PTC Section 25.19
Homestead -If the property is your home and you own and occupy it as your primary residence as of January 1, it may qualify
To qualify for the Disabled Homestead exemption, you must have met the
definition of 100% disabled under the Federal Old Age, Survivor’s & Disability’s Act as of January 1st. Please submit a copy of the 100% disabled determination letter. You cannot claim both an Over-Age 65 and a Disability Exemption in the same tax unit, only in a tax unit that only allows one or the other. You cannot have claimed the exemption on any other property.
YOU MUST INCLUDE A COPY OF YOUR Driver’s License or Texas Issued ID, for which the address matches the residence you are applying for.
SURVIVING Spouse -If a person receiving an Over-Age 65 Exemption passed away in the last year, and the surviving spouse was over the age of 55 at the time, the survivor may be entitled to keep the deceased spouse’s exemption if they were part owner of the property at the time and continue to own and occupy the residence. If you are unsure, please call the office.
If you do not meet the qualifications for any of these exemptions, no action is required. However, if you wish to apply, complete an application, and return it to the Bosque CAD with you Drivers License as soon as possible.