Sharon Conable, Broker/Owner/Rancher

The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for first-time home buyers purchasing homes on or after April 9, 2008 and before July 1, 2009 who meet the following qualifications. To Qualify: *  Home purchases must occur between April 9, 2008 and July 1, 2009  (purchase date is the closing ...

When you purchase a home for your principal residence, you may apply for a "homestead exemption".  If you are eligible for a homestead exemption, you may get $15,000 deducted from the appraised value for school taxes, $3,000 may be reduced for county taxes. There are also optional percentage exemptions from any taxing unit - city, ...