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When do you qualify for over-65 homestead exemption?

You qualify for an over-65 homestead exemption the day you or your spouse turn 65.  Other requirements are you must own the house and it must be your primary residence.

Most issues related to Texas property taxes are based on a January 1 date.  The over-65 homestead becomes effective when you or your spouse turn 65.  It is prorated for the first year based on the portion of the year you are 65.

Benefits of an over-65 homestead exemption include:

  • School property taxes are frozen forever. If you live to be 100, your school taxes would never rise (unless you remodel or add-on to the house).
  • Substantially higher homestead exemptions in many tax entities.
  • You can allow property taxes to accrue with $0 in annual payments. Upon the death of the second spouse, the balance plus interest is due.  However, there are no penalties.

If one spouse dies, the surviving spouse can retain the over-65 homestead exemption if they are 55 year of age or older.

Homestead exemptions can be tricky.  For complimentary assistance on homestead exemptions, call 713 290 9700.

Blog Author

Patrick O’Connor, MAI, Owner and President
Patrick O’Connor has been active in reducing property taxes, providing expert witness testimony and appraising commercial real estate property since 1983. Pat is active in publishing analyses and data with respect to the real estate market, while being a highly regarded media spokesperson for the real estate community. He holds a MAI, the highest achievable designation from the Appraisal Institute, and is a licensed senior property tax consultant. Pat earned a Master of Business Administration from Harvard University. In 2001, he authored the first definitive consumer guide to Texas property taxes, Cut Your Texas Property Taxes.

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When you submit your enrollment, you understand this is a risk free offer to you. If your taxes are not reduced you PAY NOTHING, and a portion of the tax savings is the only fee you pay when your taxes are reduced.

Property Tax Protection Program™

You pay nothing unless we reduce your property taxes, and then only a portion of the savings. There is no flat fee, no sign up fee and no setup fee. We protest your property taxes aggressively every year, and you only pay if and when we reduce your property taxes.

O’Connor is the largest property tax consulting firm in the U.S. Our licensed tax consultants and administrative support team benefits home and property owners by reducing property tax assessments, filing personal property renditions, reviewing tax statements, protesting over-assessed property values, and attending informal tax hearings and appraisal review board meetings.

 

We work tirelessly to protest and lower your taxes with:

  • Informal hearings
  • Appraisal Review Board (ARB) hearings
  • Coordinating judicial appeals

Property Tax Protection Program™ Benefits

  • No flat fees or upfront costs.  No cost ever unless your property taxes are reduced.
  • All practical efforts are made every year to reduce your property taxes.
  • Never miss another appeal deadline.
  • Property taxes protested for you annually.
  • You do not have to accept the appraisal district’s initial guesstimate of value.
  • We coordinate with you regarding building size / condition to avoid excess taxes.
  • Free support regarding homestead exemptions.
  • Some years are good – typically 6 to 7 out of 10 will result in tax reduction for you.
  • The other 3 to 4 years out of 10 we strike out. Most often due to people issues in the hearing process. Some years we get an easy appraiser at the informal; some years someone who is impossible to settle with.