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| Buying Your New Home |
In order to qualify for the homestead exemption, the home must be your principal residence, and the home’s owner must be an individual, not a corporation. The home must also be your principal residence on January 1 of the tax year. If you are age 65 or older, the January 1 ownership and residency are not required for the age 65 homestead exemption. Besides the homestead exemption described above, there are several other types of exemptions you may receive; learn more by visiting www.window.state.tx.us.
— DEED RESTRICTIONS
You may decide to live in a subdivision or a master-planned community with deed restrictions, which appear in the real property records of the county in which the property is located. They are private agreements and are binding upon every owner in a subdivision. All future owners become a party to these agreements when they purchase property in deed restricted areas. That’s why it’s important to review the deed restrictions in a restricted subdivision or community you’re considering so you’re aware of the resident’s obligations and responsibilities.
A primary purpose of most deed restrictions is preserving the residential character of a subdivision by keeping out commercial and industrial facilities. For people who prefer to live in a wholly residential environment, deed restrictions are desirable. Deed restrictions may legally prohibit a person from operating certain types of businesses from their home.
— HOMEOWNER’S ASSOCIATIONS
When you buy a property in a deed restricted community, you are automatically a member of the community or homeowner’s association. It is your responsibility to adhere to the standards and rules set by the association as well as pay an annual fee or an assessment for the maintenance of the community’s common areas as well as parks, pools and recreational facilities.
— PROPERTY TAX CODE AND YOUR HOMESTEAD
The Texas Property Code allows homeowners to designate their homesteads to protect them from a forced sale to satisfy creditors. This law doesn’t protect homeowners from tax foreclosure sales of their homes for delinquent taxes.
— COMMUNITY PROPERTY LAWS
Ownership in Texas falls under the law of community property for married people. This means that each spouse owns an undivided one-half interest of all property accumulated during the marriage except for separate property that was owned before the marriage or was received by gift or inheritance during the marriage.
— DEED RESTRICTIONS
You may decide to live in a subdivision or a master-planned community with deed restrictions, which appear in the real property records of the county in which the property is located. They are private agreements and are binding upon every owner in a subdivision. All future owners become a party to these agreements when they purchase property in deed restricted areas. That’s why it’s important to review the deed restrictions in a restricted subdivision or community you’re considering so you’re aware of the resident’s obligations and responsibilities.
A primary purpose of most deed restrictions is preserving the residential character of a subdivision by keeping out commercial and industrial facilities. For people who prefer to live in a wholly residential environment, deed restrictions are desirable. Deed restrictions may legally prohibit a person from operating certain types of businesses from their home.
— HOMEOWNER’S ASSOCIATIONS
When you buy a property in a deed restricted community, you are automatically a member of the community or homeowner’s association. It is your responsibility to adhere to the standards and rules set by the association as well as pay an annual fee or an assessment for the maintenance of the community’s common areas as well as parks, pools and recreational facilities.
— PROPERTY TAX CODE AND YOUR HOMESTEAD
The Texas Property Code allows homeowners to designate their homesteads to protect them from a forced sale to satisfy creditors. This law doesn’t protect homeowners from tax foreclosure sales of their homes for delinquent taxes.
— COMMUNITY PROPERTY LAWS
Ownership in Texas falls under the law of community property for married people. This means that each spouse owns an undivided one-half interest of all property accumulated during the marriage except for separate property that was owned before the marriage or was received by gift or inheritance during the marriage.
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With three military installations in San Antonio, you’ll ...
