Sponsor
Home Buyer Help

Valid HTML 4.01!


Down Payment Assistance Programs

What Are Homestead Exemptions

A homestead exemption is a tax reduction that is applied to a owner occupied residence. In many states, they will reduce, once filed, the rate of increase of your property taxes by limiting/capping the rate of annual increase for the assessed value (the amount the taxing authority says your home is worth for tax purposes) applied to your home.

There are many types of possible exemptions for property taxes and it is encouraged you review what exemptions are available in your area with either your Real Estate Professional, Lender/Broker/Banker or directly with your local property appraisers office. Types of exemptions that may be available in your area are:

There may be many others or variations of the above. It is important when calculating your estimated property taxes you know what exemptions you'll be eligible for. These exemptions will result in a reduction of proposed tax liability and will reduce your monthly payment, allowing you to potentially finance more.

Be sure to get the documents you need for filing the exemptions you are eligible for and complete them early, and if allowed by your local property appraisers office, turn them in early - preferably right after closing - so you know you've done what you need for the next tax period.

Home Buyer Education:
Adjustable Rate Mortgage


Copyright Copyright Notice2003 - 2012 U.S. #TX0006199019 - All Rights Reserved
Privacy Policy/Terms of Use

Printer Friendly Page
Advertise
Refer Our Website
Credit Repair Techniques
Mortgage Calculators
Benefits to Mortgage Professionals
Benefits to Builders
Benefits to Realtors
Benefits to Sellers
Articles
Real Estate Terms
Home Buyer Education
First Time Home Buyer Grants
Charity Resources
Benefits To Home Buyers
Down Payment Assistance Home Page
Frequently Asked Questions
About
Find Local Professionals
MLS Search
line bar2
line bar3
line bar4
line bar5
line bar6
line bar7
DOWN PAYMENT SOLUTIONS™
line bar9
line bar10
line bar11
line bar12
line bar13
line bar14
line bar15
line bar16
line bar17
line bar18
MENU


Article:
Mortgage Insurance

bookmark this page

Link To Us - Your Link is why we are found in the search engines! Please Support Our Site



Down Payment Solutions
Find Success

Other Important Links for down payment assistance and first time home buyers:

Home Buyer Grants By State:
Alabama - Alaska - Arizona - Arkansas - California - Colorado - Connecticut - Delaware - Florida - Georgia - Hawaii - Idaho - Illinois - Indiana - Iowa - Kansas - Kentucky - Louisiana - Maine - Maryland - Massachusetts - Michigan - Minnesota - Mississippi - Missouri - Montana - Nebraska - Nevada - New Hampshire - New Jersey - New Mexico - New York - North Carolina - North Dakota - Ohio - Oklahoma - Oregon - Pennsylvania - Rhode Island - South Carolina - South Dakota - Tennessee - Texas - Utah - Vermont - Virginia - Washington - DC - West Virginia - Wisconsin - Wyoming