Things You Will Need To Qualify For The New Homestead Law
September 19, 2011 Leave a Comment
North Dallas Real Estate Agent on the Things You Will Need To Qualify For The New Homestead Law
The new homestead law is now in effect. Effective September 1, 2011, there is a change in state law concerning homestead exemption on property being purchased. The new law requires applicants to provide a copy of their Texas driver’s license or state ID card and vehicle registration receipt. The documents must show the same address as the property for which the exemption is requested.
Click Here To Download the Homestead Exemption Form
Applicants who do not own a vehicle must provide a copy of a utility bill with the correct address. They also must provide an affidavit stating he/she does not own a vehicle. The new requirements also apply to applications for the over-65, disability, disabled veterans, homeowner’s surviving spouse and manufactured (mobile) home exemptions. They do not apply to homeowners who already have homestead exemptions.
Will these changes affect your qualifications for receiving a homestead exemption?
Becky Hopkins, Realtor®, SRES, GRI
CENTURY 21 Judge Fite Company
Serving the Dallas/Fort Worth Metroplex
www.50andholding.com
