Taxes. Nobody likes them; everybody pays them. I’m sure when you considered buying your Siena Round Rock TX home you heard about the potential tax savings. Now you own a home in Siena and pay your own property taxes for Williamson County and Hutto ISD. You want to pay as little as you have to, because who would want to pay more? The good news is that you can reduce your property taxes by claiming a homestead exemption!
What is a homestead exemption?
A homestead exemption (HS) removes a slice of your home’s value from being taxed. A homestead is a separate structure, condominium or manufactured home on owned or leased land up to 20 acres. To qualify for a homestead exemption, you must:
- Own the property
- Use it as your primary residence as of January 1 of the year in which you are applying (2020 – so you had to close in 2019)
- The address on your driver’s license must match the address you are claiming the HS exemption on.
How much is my homestead exemption in Siena Round Rock?
Texas law requires school districts provide a $25,000 exemption for property tax. So if your home is appraised at $100,000 and you qualify for a homestead exemption, you pay school taxes as if your home was worth $75,000. Taxing units also have the option to offer a separate exemption, which will vary based on where you live. Williamson County offers a $3000 exemption for the special tax collected to farm-to-market roads. With your HS exemption, your county cannot raise the appraised value of your home by more than 10% each year, even if the actual value is greater. With the current rate of appreciation for many homeowners, this has saved many people a lot of money over the past few years!
What other exemptions are available in Siena Round Rock TX?
How do I apply for my homestead exemption in Siena Round Rock?
- Homestead Exemption Form for Williamson County (FORM) or (Fill it out ONLINE). Mailing Address: 625 FM 1460, Georgetown, TX 78626-8050
- Homestead Exemption Form for Travis County (FORM). Mailing Address: P.O. BOX 149012, Austin, TX 78714-9012
Kyle Pfaffe | Realtor® | 512-636-9707
