Understanding Homestead Exemption: Tax Benefits and Creditor Protection

SC Homestead Exemption… 🧐 The Senate finance committee gave a favorable as amended report to S. 768, regarding Homestead exemptions! The bill as amended in the full committee, maintains the age of eligibility for the Homestead exemption at 65 and increases the exemption from 50,000 to 150,000! The committee also discussed a five year in state residency requirement for receiving the exemption. The Bill now has to the Senate floor for review by the body! #FoyRealty #HomesteadExemption #DontMissOu

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Texas homeowners must now verify homestead exemptions every 5 years — or risk losing it