When can a person who acquires property qualify for an over 65 exemption?

The option indicating that a person who acquires property can qualify for an over 65 exemption for the applicable portion of the year after approval is correct because it reflects the principle that exemptions and qualifications for property tax benefits are typically applied on a pro-rata basis based on the time the individual qualifies for the exemption during the tax year.

In Texas, once a person turns 65 and files for the exemption within the tax year, they are entitled to receive the benefit from the date they qualify for the exemption. This means that if the property acquisition and the qualification occur on a date that is not January 1, the exemption would only apply to the time remaining in that tax year, rather than retroactively to the start of the year. This allows for a fair approach where individuals are recognized for their eligibility based on the actual time they are entitled to the benefit, ensuring that property taxes reflect the current ownership and qualifying status of the property holder.

The other choices do not accurately reflect how the exemption is applied. Suggesting that the exemption is only available at the beginning of the year overlooks the applicability based on qualifying date. The idea that a person could qualify for the exemption for the entire year without application does not align with the requirement for individuals to formally