When are Hood County property taxes due for 2024?
Property taxes are due by January 31, 2025, for the 2024 tax year. Taxes become delinquent February 1st, with penalty and interest charges applied to unpaid balances.
What homestead exemptions are available and do I need to apply?
The primary homestead exemption provides a $100,000 reduction in taxable value for school district taxes on your primary residence. You must apply with Hood Central Appraisal District by April 30th following the year you establish homestead. Additional exemptions may be available for seniors (over 65), disabled veterans, and disabled persons - all requiring separate applications.
How does the homestead exemption cap work?
Texas homestead properties are limited to maximum 10% annual increases in assessed value for tax purposes, regardless of market value increases. This cap applies automatically to homesteaded properties but the initial homestead exemption requires application.
When does Hood Central Appraisal District assess properties?
Properties are assessed annually as of January 1st. Assessment notices are typically mailed in April and May, with protest deadlines usually falling in late May or early June for the current tax year.
What are the penalties for late payment?
Penalty and interest begin accruing February 1st on unpaid taxes. Penalties start at 6% and increase monthly, plus annual interest currently around 7-8%. Attorney fees may also apply to delinquent accounts.
Can I pay my Hood County property taxes online?
Yes, Hood County offers online payment options through their official website. You can also pay by mail, in person, or through authorized payment centers. Credit card payments may include additional processing fees.
How do I appeal my property assessment?
You can protest your property value with the Hood Central Appraisal District Appraisal Review Board, typically by late May following receipt of your assessment notice. File protests online, by mail, or in person before the published deadline.
What special district taxes might apply to my property?
Depending on your location, you may pay taxes to emergency services districts, municipal utility districts, hospital districts, or other special purpose districts. Your annual tax statement will list all applicable taxing entities for your specific property address.