Looking for some help from those who are familiar with homestead exemptions in Texas. We purchased a house in 2020 that we used briefly as a rental. In early 2021 we secured a one-time close construction loan to tear down the house and build on the property. We finished construction and moved into our new home in August of 2022. At the point we moved in, our one time close construction loan converted from interest only to a conventional 30 year mortgage but there was no additional "closing;." At what point in the process should I be eligible for a homestead exemption? And by what date would I need to file with my local tax assessor? Im a bit confused as to how the one time close construction loan impacts things. If no one here knows, what type of person would be the best to speak to on this topic?

Thanks in advance!

1-1-23.

SteveBott said:

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1-1-23.

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Thank you Steve. To add to the confusion, I just stumbled across the link below. Does that mean I could file prior to the end of this year? And I assume that would be in my benefit to do so?


https://www.texasrealestate.com/members/posts/new-homestead-exemption-law-benefits-residential-purchasers/

Thanks again.

That article is new for me. Looks like the law was changed in your favor.

I actually met with county appraiser about a protest last week and asked them a similar question bc we are finishing up a build with a one time close as well. One time close doesnt matter about anything but the law did change this past year about when can apply for homestead status. She said apply for homestead the day you occupy, no longer the 1st of following year.