Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Austin
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 11-26-2007, 09:05 PM
 
Location: NW Austin
1,133 posts, read 4,185,599 times
Reputation: 174

Advertisements

Wondering how much you save on your property taxes with the homestead exemption? Anyone have any ballpark figures?
Reply With Quote Quick reply to this message

 
Old 11-26-2007, 09:13 PM
 
Location: Austin, TX
15,268 posts, read 35,619,033 times
Reputation: 8614
~2.75% of $15,000. So that comes out to around $337 or something like that.
Reply With Quote Quick reply to this message
 
Old 11-27-2007, 12:10 AM
 
10,130 posts, read 19,872,387 times
Reputation: 5815
That's right, it's just about $300 - $400 off your total tax bill. However, the real savings are that the property appraisal amount that you are taxed on cannot rise more than 10% a year. So, if property values skyrocket, you won't get hit with a huge increase in one year...

Of course, when you buy a property, if the previous owner had the homestead and a much lower taxable appraised value, you will get hit with that increase the first year. But after that, the homestead exemption gives you some protection.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Austin
Similar Threads

All times are GMT -6. The time now is 04:35 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top