Tax Information For New Homeowners

Dated: 01/12/2016

Views: 627


If you are a new property owner, you are required to pay property taxes on real estate. It is taxed each year by a variety of jurisdictions including the county, city and school district. As a 2015 purchaser, you need to notify the taxing authorities of your ownership so that the tax rolls will reflect the change. You may do this by contacting the appropriate tax appraisal district in your county from the following list:


Collin County Appraisal District         469-742-9200    www.collincad.org

Dallas County Appraisal District        214-631-0910    www.dallascad.org

Denton County Appraisal District     940-349-3800    www.dentoncad.com

Ellis County Appraisal District            972-937-3552    www.elliscad.org

Rockwall County Appraisal District   972-771-2034    www.rockwallcad.com

Tarrant County Appraisal District      817-284-0024    www.tad.org


Your property is assigned a single appraised value, which is sent to all taxing jurisdictions. The jurisdiction then applies the tax rate, as set by its governing body, to the appraised value.


In Image titleorder to qualify for a residential homestead exemption you must provide the following to the Central Appraisal District when submitting your application:

1. A copy of the applicant’s Texas driver’s license or Texas identification certificate


IMPORTANT NOTE: The property address on the exemption application must match the address listed on the applicant’s Texas driver’s license/Texas Identification certificate; otherwise the Chief Appraiser is prohibited from approving the exemption.


**2016 TAX EXEMPTIONS

On January 1, value, ownership, legal description of the property and exemption status of the taxpayer is determined. Several forms of tax relief are available which may reduce the taxable value of your property. Applying for exemptions is the taxpayer’s responsibility. Some exemptions require a new application each year. Contact your appraisal district to learn more about the following exemptions and how to file for them:

General Homestead Exemption 

Over 65 Exemption

Disabled Individual Exemption 

Disabled Veteran Exemption 


To receive your exemption(s), you must own the property and be living in the property as of January 1st. Your application must be applied for on or before April 30, 2016 to receive the tax benefits for this year.  This is a FREE service.


Remember, tax statements are generally mailed in October of each year. The taxes are payable on or after October 31, however, you may elect to pay them as late as January 31 without penalty. Taxes become delinquent February 1 and on this date penalties and interest do accrue. 


If you receive a Tax Statement and your mortgage company is escrowing funds for taxes from your monthly payments, forward the statement to your mortgage company so they can pay the taxes.


If the Central Appraisal District sends correspondence regarding your exemptions, make sure to respond.

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