Home Ownership Laws in Texas Truly
Originated From Our Wild West History…
The Texas homestead exemption began as protection for the wives and children of the early settlers in the event the man of the house was lured into a not-so-honest game of chance or decided he needed a few dollars more to continue a night out on the town.
More seriously though, the wives and children of a deceased breadwinner were secure in their home(stead) and could not be removed because of some improper or manufactured claim of debt. The homestead principle was embodied in the Texas Constitution of 1845 and all constitutions in Texas thereafter!
Today…at the end of closing your new home, the title company will send the state your purchase information informing them of your new homestead. Every year after that, you will simply file for your tax saving exception form, BECAUSE…, Texas has NO STATE property tax AND, Texas homeowners are allowed a PROPERTY TAX discount!
Your Texas Select Properties sales professional can walk you through all the many additional benefits to owning property in Texas!