What is a general homestead exemption and how do I apply?
A general homestead exemption will remove part of the value of your property from taxation and as a result lower your taxes. To qualify, a home must meet the definition of a residence homestead: The home’s owner must be an individual (for example: not a corporation or other business entity) and use the home as his or her principal residence on January 1 of the tax year. To apply, you must file an Application for Residential Homestead Exemption with the Central Appraisal District between January 1 and April 30 of the tax year — up to one year after you pay your taxes. Once you receive the exemption, you do not need to reapply unless the chief appraiser sends you a new application. In that case, you must file the new application. The Central Appraisal District is who grants exemptions and is who you will need to file your application with. The Central Appraisal District may be contacted by phone at (817) 558-8100 or by mail or in person at 109 N. Main, Cleburne, TX 76033.
A. An exemption removes part of the value of your property from taxation and lowers your tax bill. For example, if your home is valued at $50,000 and you qualify for a $15,000 exemption, you pay taxes on your home as if it were worth only $35,000. This exemption applies only to your homestead and not to any other property you may own. To qualify the home must meet the definition of a residence homestead. The home’s owner must be an individual (not a corporation or other business entity for example) and use the home as his or her principal residence on January 1 of the tax year. To apply you must file an application for residential homestead exemption with the Potter Randall Appraisal District between January 1 and April 30 of the tax year. The Potter Randall Appraisal District grants exemptions and is whom you will need to file your application with. The Potter Randall Appraisal District may be contacted by phone at (806) 358-1601 or in person at 5701 Hollywood Rd, Amarillo, TX.
