Tagged : Real estate

According to Mark Dotzour, who is the director of Texas A&M University's Real Estate Center, it looks as if the state of Texas may have reached the bottom of its housing market a few months back. As such, he is ready to proclaim the inventory of homes through Texas - both unsold new homes and existing homes - are in a promising position.

“I feel now is the time to buy a house in most Texas cities,” said Dotzour through RECON, which is the center’s online newsletter “Housing affordability has never been higher, and I never thought I would see 5 percent mortgages in my lifetime. If you plan to live in the house for at least two or three years, now is the time to buy.”

Dotzour isn't the only one who sees a positive upswing in the economy's future. In fact,

As a taxpayer in Texas, you certainly want to save as much money as possible.  After all, you don’t want to have to pay money in taxes if you don’t have to!  At the same time, in order to reduce the amount of money you have to pay on property taxes, it is important to work within the parameters of the law.

There are four different types of home exemptions that you can apply for as a property owner in Texas.  These apply to your primary residence and they include…

    * School taxes
    * County taxes
    * Optional exemptions
    * Age 65 or older

Understanding these exemptions and how they work is important so you can take full advantage of the benefits they offer.

School Taxes

School tax exemptions are available to all homeowners and qualifying for one is quite