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Thought you might benefit from reading this tax exemption article from my friend, Joe Kerbel at Global Lending Solutions.

It's Joe Kerbel here with Global Lending Solutions.

I wanted to send you a reminder about the Homestead Tax Exemption, which could help you to potentially reduce the amount owed on property taxes (see details below).

While we are not tax professionals, we wanted to share some important Tax Exemption Information for Tarrant, Dallas, Denton, and Collin’s County that you may want to consider asking your tax professional about as you begin to prepare your taxes.


2018 Texas Homestead Tax Exemption


A homestead exemption is most often on only a fixed monetary amount, such as the first $50,000 of the assessed value. The remainder is taxed at the normal rate. A home valued at $150,000 would then be taxed on only $100,000 and a home valued at $75,000 would then be taxed on only $25,000, for example.

3 Reasons To Consider Filing For Homestead Tax Exemption

  1. Potentially reduces the amount of property taxes owed on the property.

  2. Exemption may extend to the home and up to 20 acres of land used for a purpose related to the residential use of the homestead.

  3. Different taxing entities give different exemptions, depending on the type of taxing entity and location. I'd suggest call your county to make sure you have the most up to date and accurate information:

    • Tarrant County,, (817) 284-0024

    • Dallas County, 631-0910

    • Collin County, (469) 742-9200

    • Denton County,, (940) 349-3800

Four Steps To Apply For Homestead Exemption:

  1. Download the application from your Appraisal Districts website - it’s free to apply! You must occupy the property by January 1, 2019 to apply!

  2. Complete the form and attach copies of your Driver's License. Note: The address listed on your driver’s license must match the address of the Homestead. Check with your local tax appraisal district for further information and requirements before submission.

  3. Return the form to the Appraisal District by April 30, 2019


The Homestead Exemption will remain in place as long as the owners occupy as their homestead. If the owners sell the property or no longer occupy the homestead, they should request a removal of the exemption. Failure to do so may result in the assessment of penalties and interest on the portion of taxes that should not have been exempted.

If you have lending questions, I'm here to help!

Joe Kerbel,  President
Global Lending Solutions
Send me an email at
Call me at my office at (817) 865-8401 | Text or call me at (817) 875-0980

As you may know, Global Lending Solutions is all about educating our borrowers by providing them with the most up-to-date information, knowledge, and insights on the mortgage industry to help them make smarter decisions and have the greatest success with their real estate investments.

Global Lending Solutions and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. NMLS# 180232

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