“I’m thinking of buying this property”
When purchasing a new property in Williamson
County, there’s a few things to keep in mind. We’ve provided simple and easy
instructions for you to follow. Williamson Central Appraisal District has
gathered a few questions that will help you during this process.
Where
do I start? What information do I need for this new property?
How
can I verify the value of the property and get detailed information about the
characteristics of the home?
Utilize the Property Search function on WCAD.org to locate
detailed information such as the property values for current and prior years, breakdown
of improvements, entities, exemptions, and sales history.
How
can I get an estimate of property taxes for the new home?
Visit the Tax Office’s website to find what the property
taxes have been for prior years at:
Note: Current Exemptions on the property may affect the taxable value and will not be transferred, etc.
For more information regarding the breakdown of your local property taxes, please visit:
What is an exemption and what does it mean?
Is the process of exempting a person
from paying taxes on a specific amount or income. Exemptions can be granted by
applying and providing the required supporting documents. Each exemption will
have its own advantage of savings. To view the different types of exemptions,
please visit WCAD.org and click on the Support Center icon.
What if I’m
already claiming exemptions at my current property? Can I transfer my
exemptions?
If there are current exemptions on your previous property,
please be sure to request for those exemptions to be removed by contacting the
previous Appraisal District. A Tax Ceiling Transfer Certificate would need to
be requested for the Over 65, Disabled Veteran, or Disabled Person Exemptions
to transfer those benefits to the new property. The Homestead Exemption cannot
be transferred from one property owner to the next. Qualifications for the
Homestead Exemption can be found by clicking on:
There
are exemptions on this property, do they transfer to me?
If there are current exemptions on a property, the
exemptions will stay on the property until the end of the year unless requested
by the owner of the exemption to have them removed. The current exemptions on
the property do not transfer from property owner to property owner. The new
property owners would have to apply and submit a new exemption application
requesting for their exemptions for the following year.
How
long does it take to update ownership before the information is reflected on WCAD.org?
Deeds need to be filed and recorded with the Williamson County Clerk, who then notifies WCAD of these updates monthly. This process can
take 4-6 weeks.
Are
you prepared? What else could be needed?
We’ve provided a link where you can access a checklist of things
you may have not been aware of with lots of helpful information.
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