Tax Information for 2023 Home Buyers

It’s that time of year again! Please click the link below for a PDF that you can provide to your clients with important websites, phone numbers and instructions on how to file their exemptions.

Our goal at Republic Title is to provide you with helpful information that saves you time and assists you in building your real estate business.

Important Tax Exemption Information

1. Exemptions are a form of tax relief that can reduce the taxable value of your property.

Types of exemptions include:
• Homestead
• Disabled veteran
• Over 65 years of age
• Agricultural
• Disabled individual

2. If you own and occupy your new home, it is your homestead and you likely qualify for a homestead exemption. This is the most common type of tax exemption.

3. When submitting an application for exemptions, you must submit a copy of your driver’s license. The address on your license must match the property address of the property you are filing the exemption for.

4. To apply for an exemption, the homeowner, in most cases, must be occupying the property as their homestead on January 1st of the tax year in which the exemption is granted. It may be possible to apply for an exemption sooner. Please reach out to your county appraisal district to confirm the date that you may apply.

5. It is free to file exemptions. The forms can be downloaded on the Central Appraisal District’s website for the county in which the property is located. Central Appraisal District contact information is listed below.