Homestead Exemption
By Lydia Blair Special Contributor After the paperwork has been signed and you’ve been handed the keys, there are plenty more expenses involved in moving into your new home — packing supplies, connecting utilities, hiring movers, new appliances or furnishings, etc. However, there are certain costs after buying a home that new homeowners should not…
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Comes word from our on-staff Tax Doctor, Rob Wheelock, of Property Tax Managers, that it’s that time of the year AGAIN: property tax appraisals. 2015 Property Tax Statements are usually mailed out starting the first week of October, and they have been for all non-homesteaded properties. But the Dallas County Appraisal District is holding back…
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Wallet Hub did a very interesting analysis when it comes to the various tax systems employed by individual states in the nation. Come to find out, Texas’ tax system, which relies heavily on property taxes to fund our government services, is rated as one of the most unfair tax systems. Of course, after our recent…
Read MoreA reader writes, our Tax Doctor Tiffany Hamil responds: Dear Candy: I am confused by the age 65 homestead deal in our state. Is it the same in each county? When you turn 65 do you get a break on your property taxes or are they just frozen? I understand this is because property taxes…
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