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 for the state of Texas.

Q: What is a Residence Homestead Exemption?
A: A Residence Homestead Exemption is a property tax reduction available to Texas homeowners.

Q: Who is eligible to apply for the Residence Homestead Exemption?
A: Texas homeowners who use their home as their primary residence are eligible to apply.

Q: How do I apply for the Residence Homestead Exemption?
A: To apply, you need to complete Form 50-114 and submit it to your county appraisal district.

Q: What are the benefits of the Residence Homestead Exemption?
A: The benefits of the Residence Homestead Exemption include a reduction in property taxes and protection against certain creditors.

Q: Is there a deadline to apply for the Residence Homestead Exemption?
A: Yes, the deadline to apply is typically April 30th of the tax year.

Q: Do I need to reapply for the Residence Homestead Exemption every year?
A: No, once you receive the exemption, it generally continues as long as you continuously qualify for it.

Q: Can I transfer my Residence Homestead Exemption to a new home?
A: Yes, you can transfer the exemption to a new home as long as it will be your primary residence.

Q: Are there any income or age restrictions to qualify for the Residence Homestead Exemption?
A: No, there are no income or age restrictions to qualify for the Residence Homestead Exemption.