Homestead/Community Property State
Texas Is A Homestead State
Texas law requires no formality for creating a homestead for protection against a forced sale. A homestead is established by living in the property, or being able to show intent to live there.
A homestead exemption must be filed however to receive a reduction in your property taxes.
Texas homestead law does not permit increasing the indebtedness on a homestead above the original purchase money amount except for home improvements, repairs and taxes.
Texas Is A Community Property State
Ownership in Texas falls under the law of community property for married people. This means that each spouse owns an undivided one-half interest of all property accumulated during the marriage except for separate property that was owned before the marriage or was received by gift or inheritance during the marriage.
