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Property Tax Exemptions For Property Owners

Author: Derick James
by Derick James
Posted: Nov 21, 2020
homestead exemption

The homestead tax exemption applies to property taxes. In some states, every homeowner gets the tax exemption, while in other states, qualification relies upon pay level, property estimation, age or in case you're disabled or a veteran. Texas homestead exemption helps you save on taxes on your home. It lowers your taxes and eliminates part of the value of your property from taxation.

Kinds of Homestead Exemptions

  • School taxes — You will get at least a $25,000 homestead exemption on the estimation of your home for school district taxes, if you are qualified for the homestead exemption.

  • County taxes — Currently, for all the home owners, Harris County provides a 20% optional homestead exemption. This means that if your home is valued at $100,000, the exception will decrease its taxable value for Harris County taxes by $20,000 to $80,000.

  • Optional exemptions — Any taxing unit, that includes a school district, city or county may offer an exemption for up to 20% of your home's value. The amount of an optional exemption can't be under $5,000, regardless of what the rate is. For example, if your home is valued at $20,000 and your city offers a 20% optional exemption, your exemption will be $5,000

Application Deadlines

You should file your residential homestead exemption Texas application regularly between January 1 and April 30. Early applications won't be acknowledged. If your application is stamped by April 30, this will permit the district time to process it before your tax statement comes out in the fall. You still have an opportunity to apply, if you miss the deadline of April 30th.

Over-65 Homeowners

Additional exemptions will be received to the people who are above 65 or older. When people turn 65, they are qualified for these exemptions; you don't have to be 65 as of the first of the year to apply. School districts automatically grant an additional $10,000 exemption for qualified people who are 65 or older.

Homeowners with Disabilities

A person with a disability may also get exemptions. "Disabled" means either

  1. You can't take part in beneficial work due to physical or mental incapacity.
  2. You are 55 years old and blind and can't engage in your previous work because of your blindness.

In the event that you get incapacity benefits under the government Old Age, Survivors and Disability Insurance Program regulated by the Social Security Administration, you will qualify.

If you are a disabled person, you will get a $10,000 exemption for school taxes, in addition to the $25,000 exemption for all homeowners.

100% Disabled Veteran’s Homestead Exemption

You can fit the bill for this exception on your property on the off chance that you have an incapacity rating of 100% or individual unemployment from the Veterans' Administration and you get 100% inability installments from the VA. Your disability must be service-connected. If you qualify, 100% of the estimation of your home property will be absolved.

However, protect your rights to reduce property taxes, by downloading the homestead exemption form.

About the Author

Hi everybody, It’s Derick from Houston and am working as a freelance property tax consultant. I love reading and writing. Write to me @

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Author: Derick James

Derick James

Member since: Mar 03, 2020
Published articles: 29

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