Form 50-114 Residence Homestead Exemption Application - Texas

What Is Form 50-114?

This is a legal form that was released by the Texas Comptroller of Public Accounts - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 50-114?
A: Form 50-114 is the Residence Homestead Exemption Application in Texas.

Q: What is the purpose of Form 50-114?
A: The purpose of Form 50-114 is to apply for a residence homestead exemption in Texas.

Q: Who is eligible to apply for a residence homestead exemption?
A: Texas homeowners who use their property as their primary residence are eligible to apply for a residence homestead exemption.

Q: What are the benefits of a residence homestead exemption?
A: A residence homestead exemption can help reduce the taxable value of a homeowner's property, resulting in lower property taxes.

Q: What information is required on Form 50-114?
A: Form 50-114 requires information such as the property owner's name, address, and details about the property.

Q: When is the deadline to submit Form 50-114?
A: The deadline to submit Form 50-114 varies by county, but it is typically between January 1st and April 30th of the tax year.

Q: Do I need to reapply for the residence homestead exemption every year?
A: No, in most cases, once you have been granted a residence homestead exemption, you do not need to reapply every year.

Q: What happens if I sell my property or move to a new residence?
A: If you sell your property or move to a new residence, you must notify the appraisal district to cancel the residence homestead exemption.

Q: Can I apply for a residence homestead exemption if I own multiple properties?
A: No, you can only apply for a residence homestead exemption for your primary residence in Texas.