Home |
Search |
Today's Posts |
#1
|
|||
|
|||
OT Property taxes
Received in snail mail (USPS) an official looking envelope that is very
similar to that used by the county tax assessor. The contents is a letter stating my parcel description of the property used by the county. And, they begin by indicating the record indicates I may be losing money as I failed to take an exemption for property taxes on the past two years. They quoted Texas taxation code 11.13. Curious, I checked it out. Its the standard homestead exemption. For long term financial reasons, I chose not to take the exemption. Almost anyone explores the ins/outs of this exemption when doing their property taxes. If anyone has received such a letter, I strongly urge you to research the residence homestead exemption before replying to that company with their paperwork and 45 bucks they want for processing. They assist in doing paperwork to recover taxes paid in lieu of not taking the residence homestead exemption regardint the prior tax year. You can apply for late application for homestead exemption per section 11.431 of the taxing code. See bottom of this link for cross references. http://www.window.state.tx.us/taxinf...11b1.htm#11.13 -- Dave |
#2
|
|||
|
|||
OT Property taxes
Dioclese wrote:
Curious, I checked it out. Its the standard homestead exemption. For long term financial reasons, I chose not to take the exemption. Almost anyone If you don't mind my asking, what possible long term benefit could there be for not taking a tax-reduction in your property taxes? -- Victor M. Martinez Owned and operated by the Fantastic Seven (TM) Send your spam he Email me he |
#3
|
|||
|
|||
OT Property taxes
In article ,
Victor Martinez wrote: Dioclese wrote: Curious, I checked it out. Its the standard homestead exemption. For long term financial reasons, I chose not to take the exemption. Almost anyone If you don't mind my asking, what possible long term benefit could there be for not taking a tax-reduction in your property taxes? I'm curious too. I took the homestead exemption long ago. It has done nothing but save me money. Property value assessments will go up regardless so will increase your resale value. To date, the city has ALWAYS valued my property higher than local houses have been selling for. I can't see any way around that. -- Peace, Om Remove - (dash) to validate gmail. "Human nature seems to be to control other people until they put their foot down." -- Steve Rothstein |
Reply |
Thread Tools | Search this Thread |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Forum | |||
profit and its links with taxes | United Kingdom | |||
taxes and the best place to vegetable garden? | Edible Gardening | |||
New taxes ????? | Ponds | |||
Bush/Kerry will raise taxes | Gardening |