How Texas property tax proration works at closing: why the seller credits the buyer, where the pre-bill estimate comes from, the TREC reproration clause, and the reset that can make your second-year Northwest Austin tax bill jump.
If you have owned a Northwest Austin home for decades, your gain can run past the Section 121 exclusion. How the $250K/$500K home-sale exclusion works, the single-filer and surviving-spouse trap, basis, and the Texas no-state-tax angle.
The Texas over-65 property tax deferral lets senior homeowners stop paying property taxes on their homestead, at 5% interest, until they sell or move. How it works in Northwest Austin, who it fits, and the mortgage catch that trips people up.
The Texas over-65 school tax ceiling transfers when you sell and downsize, but as a percentage, not a dollar amount. How the freeze works, how to port it with Form 50-272, and why downsizing usually lowers your frozen school bill in Northwest Austin.