Prorated Homestead Exemption

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.

· On comptroller’s website https://comptroller.texas.gov/ Enter 50-114 into search.