The application process for a homestead exemption in Texas is about to grow more complex. Earlier this year, the Texas Legislature approved new standards of mandatory disclosure for any one of several kinds of homestead exemptions. Beginning on September 1, 2011, those new rules go into effect.
Prior to September 1, a homestead exemption was relatively easy to obtain; a property owner simply filed an application. Now, home buyers will have to follow new rules and provide more proof they are eligible for the claimed exemption. >> More
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