Homestead Exemption Tax for 2010, 2011
· School taxes: All residence homestead owners may receive a $15,000 homestead exemption from their home's value for school taxes.
· County taxes: If a county collects a special tax for farm-to-market roads or flood control, a residence homestead owner may receive a $3,000 exemption for this tax.
· Age 65 or older and disabled exemptions: Individuals 65 and older and/or disabled residence homestead owners may qualify for a $10,000 homestead exemption for school taxes, in addition to the $15,000 exemption for all homeowners. If the owner qualifies for both the $10,000 exemption for 65 and older homeowners and the $10,000 exemption for disabled homeowners, the owner must choose one or the other for school taxes. The owner cannot receive both exemptions.
· County taxes: If a county collects a special tax for farm-to-market roads or flood control, a residence homestead owner may receive a $3,000 exemption for this tax.
· Age 65 or older and disabled exemptions: Individuals 65 and older and/or disabled residence homestead owners may qualify for a $10,000 homestead exemption for school taxes, in addition to the $15,000 exemption for all homeowners. If the owner qualifies for both the $10,000 exemption for 65 and older homeowners and the $10,000 exemption for disabled homeowners, the owner must choose one or the other for school taxes. The owner cannot receive both exemptions.
| Link: | harborfi.typepad.com...Search for more tips related to this link |
| Rating: |
100% positive
– 14 total Votes
I Like this Tip
I Don't Like this Tip
|
| Categories: | Homestead exemption tax |
| Added: | on Mar 23, 2010 |
| Added By: | seanshepard34 |
| Searches: | exemption homestead tax owner taxe |
