Austin Gardening - OT Property taxes

Author

OT Property taxes

Dioclese

2007-11-25, 1:25 pm

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/taxin...h11b1.htm#11.13

--
Dave

Victor Martinez

2007-11-25, 1:25 pm

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 here: uce@ftc.gov
Email me here: pistorLITTER@BOXaustin.rr.com

Omelet

2007-11-25, 5:25 pm

In article <5qtlskF11npogU1@mid.individual.net>,
Victor Martinez <me@nospam.com> wrote:

> Dioclese wrote:
>
> 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

Wooly

2007-11-26, 3:25 am

Dioclese wrote:

On a somewhat related note:

If you have a senior in the family who qualifies for the senior
exemption in addition to the homestead exemption - be sure to check
their tax bills VERY VERY carefully.

In each of the four tax years since my father-in-law died the county has
managed to drop those two exemptions from my mother's-in-law tax
calculation despite my mother-in-law having submitted all required forms
and paperwork to ensure the county WOULD apply those exemptions to the
property once it was deeded and titled in her name only. Each year
we've had to jump through hoops, provide MORE copies of the paperwork
we've already given to the county tax assessor, and this year we're
getting a lawyer involved.

I don't think there's a grand conspiracy, but if it happens to one
person four times it must certainly be happening to other people as well.

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