First, is to apply for homestead exemption if you moved into the home by January 1st and it’s considered your legal residence. This exemption can offer a significant break on property taxes.
Second, is to keep your closing statement for preparing your tax return.
In addition to Homestead exemptions, most counties have additional exemptions for people 65 years old and older. Not knowing about these exemptions can cost thousands of dollars when the 2021 tax bill comes out.
Since these exemptions only have to be applied for once, it’s easy to forget about them. At Origin Title and Escrow, it’s our job to help our clients save as much money as possible.