Property Tax Exemptions & Property Tax Abatement Texas
PROPERTY TAX ABATEMENTS AND PROPERTY TAX EXEMPTIONS IN TEXAS
Property Taxes can be a significant expense for homeowners and businesses alike. However, Texas offers property tax exemptions and abatements that can help reduce or even eliminate property tax fees.
At Hegwood Group, we understand these tax laws and how to stay compliant. We maximize your savings by identifying and securing property tax exemptions and abatements.
WHAT IS A PROPERTY TAX ABATEMENT VS PROPERTY TAX EXEMPTION
A property tax abatement is a tax break or incentive. These abatements typically extend over a longer period, whereas property tax exemptions usually apply for a shorter duration, often up to a year. In some cases, property owners may qualify for specific programs that grant full exemption from paying property taxes.
HOW TO FILE FOR PROPERTY TAX EXEMPTION AND PROPERTY TAX ABATEMENT
Filing for a property tax exemption or abatement requires you to gather the necessary documentation, and submit applications to the appropriate taxing authorities.
- Determine Eligibility: There are specific requirements for eligibility based on the property, ownership, and use of the property. Research who is exempt from paying property taxes in Texas
- Gather Documents: Compile all the supporting documents required by your local tax authority. These include deeds, property tax statements, utility bills, driver’s licenses, business or nonprofit registration, and or agriculture documents.
- Fill Out The Application: You can find the property tax exemption or abatement form at your local county appraisal district or tax assessor’s office.
- Submit Application To Taxing Authority: These forms must be completed and submitted within the required deadline.
- Approval Process: After submissions, the tax office may request additional details or documentation. They will send written notice when the application is modified or denied, but not when it is approved. You will need to directly reach out to the appraisal district office.
Our property tax consultants review each property to identify potential savings through property tax exemptions or abatements. We step in and handle the filing process from start to finish, ensuring all necessary documentation is completed accurately and on time.
HOW TO FILE FOR PROPERTY TAX EXEMPTION AND PROPERTY TAX ABATEMENT
There is a group of individuals and organizations that qualify for property tax abatements or exemptions in Texas. Some common property tax exemptions and abatements include:
- Homestead Exemptions
- Seniors Over 65
- Veterans
- Disabled Individuals
- Nonprofit Organizations
- Agriculture & Wildlife Conservation
Each exemption has specific eligibility requirements and application deadlines. Our experts can help determine your qualification and handle the filing process.
FILE PROPERTY TAX EXEMPTIONS AND TAX ABATEMENT WITH HEGWOOD
Navigating property tax exemptions and abatements can be complex, but you don’t have to do it alone. The professional property tax consultants at Hegwood Group will handle everything, from the application process to the submission, our goal is to get the maximum tax savings.
Let us help you reduce your property tax burden and take advantage of maximizing your savings. Contact Hegwood Group today for a free consultation!
