Attention New Home Owners!
By Teresa Kennedy, The Kennedy Team
(Keller Williams The Woodlands & Magnolia)
For those of you that closed on their new home in 2013, it will soon be time to file your Homestead Exemption! It’s an easy process, it’s free and it will save you money on your taxes in 2014! as stated on Texas Real Estate.com; “If you live in Texas and own a home, there are a lot of opportunities to reduce your property tax bill. From deducting mortgage interest to writing off home improvements, you can save a lot of green when it really counts – income tax time. One of those money-saving goldmines is the homestead exemption. No, you don’t have to own a ranch to qualify for one. Any homeowner can apply for a homestead exemption on their principal residence in Texas. It’s a great way to lower your overall property taxes. Why? An exemption removes part of the value of your property fro...
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