Property owners are reporting homestead exemptions are sometimes dropping off without notice, causing home valuations and tax bills to spike. Property tax experts say it often happens when someone has made a change in paperwork related to ownership, but in some cases there is no clear reason why the exemptions have disappeared.
Some cases involved transferring ownership to a trust, or removing an owner’s name, but in all cases he said, the occupants of the home never changed.
Tarrant Appraisal District explained to me that any change in ownership documents can trigger the exemption to fall off, and require owners to reapply.
Make sure that your homestead exemption is in place at: Tarrant Appraisal District
If you have any questions, please feel free to contact me!
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