asked

In Texas, can a homestead exemption limit the Tax Assessed Value from increasing more than 10% after a sale? We purchased a house in TX and moved into it on December 29th, 2021. Our loan agent and escrow account were set up assuming we would have a homestead exemption and our property taxes would only increase 10% from the previous owner's taxes. However, we received a tax assessment of 1,800,000, which we believe could be protested to our purchase price. How can we get the homestead exemption to take effect?

November 17th, 2023

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