A new law that went into effect January 1, 2022 will provide property tax relief by allowing homebuyers to file for homestead exemptions in the year when they purchase the property. Before, new homeowners had to wait until the following year to file for the exemption.
What does this mean for you as a homebuyer?
- 2021 Homebuyers: Now is the time to file your homestead exemption to lower your property's taxable value. Harris county click HERE. Montgomery county click HERE.
- 2022 Homebuyers: You can now file for a homestead exemption immediately upon closing on your property, so long as an exemption has not yet been filed for that tax year. See links above!
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