As a new property owner, you are required to pay property taxes on this real estate. It is taxed each year by a variety ofjurisdictions including the county, city and school district. As a new purchaser, you need to notify the taxing authorities of your ownership so that the tax rolls will reflect the chanpe You may do this by contacting the app oD^iate tax appraisal district in your county *rom the !oI!owinp list:
Your property is assigned a single appraised value, which is sent to all taxing jurisdictions. The jurisdiction then applies the tax rate, as set by its governing body, to the appraised value.
In order to qualify for a residential homestead exemption you must provide the following to the Central Appraisal District when submitting your application:
The property address on the exemption application must match the address listed on the applicant’s Texas driver license/Texas identtftcation certificate; otherwise the Chie* Appraiser is Drohibited from approvtnp the exemption
OnJanuaryl,vaueowneshipIegaIdescrptionofthe properQand exeiptionstatusofthetaxpayersdeteriined Severalformsoftaxreliefare available which may reduce the taxable value of your property Applying for exemptions is the taxpayer s responsibility Some exemptions require a new application each year. Contact your appraisal district to learn more about the following exemptions and how to *ice for them
Remember, tax statements are generally mailed in October of each year. The taxes are payable on or after October 31st, however, you may elect to pay them as late as January 31st without penalty Taxes become delinquent February 1st and on this date penalties and interest do accrue. If you receive a Tax Statement and your mortgage company is escrowing funds for taxes from your monthly payments, forward the statement to your mortgage company so that they can pay the taxes
If the Central Appraisal District sends correspondence regarding your exemption, make sure to respond