Tax preparation Forms for Bexar
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FAQ
Effective for tax year 2019, persons with a residence homestead are entitled to a $5,000 exemption of the assessed valuation of their home. The over-65 exemption is for property owners who are 65 years of age or older and claim their residence as their homestead.
Because this is a newly created exemption, you will need to submit an application with the Bexar Appraisal District. You may download the current application online.
If you are age 65 or older or disabled, you qualify for the exemption on the date you become age 65 or become disabled. To receive the exemption for that year, age 65 or older or disabled homeowners must apply for the exemption no later than one year from the date you qualify or one year after the delinquency date.
In addition to the tax breaks available for those over the age of 65, Texas also allows senior homeowners to defer their property taxes until their estates are settled after their death.
Homeowners have two ways they can reduce the amount of taxes they have to pay. One is, they can contest the property's appraised value put forth by the appraisal district's appraiser. And the other, and most common, is to take advantage of the property tax exemptions available to Texas residents.
The Texas Tax Code, Section 33.06, allows taxpayers 65 years of age or older to defer their property taxes until their estates are settled after death.