Have you owned your Hays County primary residence for over a year? Did you know you can easily reduce your property taxes?
Kyle residents can save on property taxes by getting their Homestead exemption on their principal residence. The Homestead exemption will remove part of your home’s value from taxation, lowering your overall tax bill. To file, you must have owned the property as of January 1st of the year and you have until April 30th to file the exception with the Hays Central Appraisal District.
What is a Homestead exemption and how does it reduce your property taxes?
In Texas, the homestead exemption allows you to reduce the amount of property taxes you pay on your primary residence.
While the amounts vary, here are the basic kinds of savings you can expect:
- General homestead exemption (for school taxes): In Texas, the general homestead exemption available to most qualifying homeowners is worth $25,000. That means that a home valued at $175,000 will only be taxed on $150,000 of that value.
- Over 65 or disabled exemptions: Those who qualify for one of these additional exemptions receive another $10,000 exemption on their taxable value. In this case, the house above is now taxed on just $140,000 of its value. You cannot qualify for both an over-65 and a disabled exemption.
- County tax exemption: Some counties collect special taxes for flood control. If yours is one of those, you can receive an additional $3,000 exemption. Now your $175,000 home is only taxed like a $137,000 home!
Depending on the value of your home, those savings add up quickly. On that $175,000 home from our example above, we’re talking $450-$650 a year!
Who Qualifies for a Homestead Exemption in Texas?
Here are the basics to know whether you qualify:
- You own your home as of January 1 of this year.
- The home you’re filing on is your primary residence as of January 1.
- You do not claim a homestead exemption on any other property.
- You’re a surviving spouse of a fallen veteran, first-responder, or of an individual who qualified for the 65-or-over exemption.
How to File for a Homestead exemption with Hays CAD?
There is no fee to file.
First, download and complete a copy of the Application for Residential Homestead Exemption. Download PDF
You can also file online here: File Online
The application is fairly straightforward with most people only needing a few pieces of information about themselves and the property to qualify for the general exemption.
There are additional exemptions for disabled persons, surviving spouses of service members or first responders, and those over age 65. Refer to the application or your local tax appraisal district for help on those additional exemptions. Here is a full list of available exemptions.2019-Tax-Rates-Exemptions