Prorated Homestead Exemption
There is NO need to wait until the new year
to apply for a homestead or other exemptions & there are NO FEES associated with
filing for any exemptions with our office!!
NEW LEGISLATION
(Effective January 1,
2022)
Prorated Homestead
Exemption
· Property owners may
qualify for a general residence homestead exemption, for the applicable portion
of that tax year, immediately upon owning and occupying the property as their
principal residence, if the preceding owner did not receive the exemption that
tax year.
· Regarding
the Homestead Cap, an owner who receives a prorated homestead exemption is
considered to have qualified the property for the exemption as of January 1st of
the tax year following the tax year in which the owner acquired the property.
Application
· On our website
www.wcad.org within the property search. Enter name, address, or REF ID to pull up property. Click HS exemption icon.
Related Articles
Homestead Cap
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Homestead Exemptions Application: Form 50-114
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Exemption Description
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Residential Homestead Exemption: How to File Electronically
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