What is a homestead exemption in Texas? A homestead exemption is removing part of your home’s value from being taxed, which lowers the amount of property taxes owed. Changes to the exemption went into effect on January 1, 2022, allowing an exemption to be filed in the same year the property was purchased versus having to wait until the following year. If you have purchased a property that is your primary residence you NEED to file this exemption so you can save money on your property taxes. Who doesn’t want more money in their pocket?! There are several exemption options to take advantage of.
To find out what exemptions you qualify for, follow this link to the exemption form for Bell County. https://forms.bellcad.org/#/a/form/HomesteadExemption/new.