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Updated over 5 years ago, 06/02/2019
Homestead Exemption on newly acquired home
Hi BP,
I purchased a home towards the end of 2018 that was under a homestead exemption for 10+ years. The property had been taxed at 240k in 2018. After the sale, Dallas county raised the appraised value up to 440k (sale price was 425k). I have added my own homestead exemption to the property but is it possible for appraised value to go back into the 240-260 range or does it start over with the sale of a home?
It's a primary residence for now