In the State of Texas, it is important to know, property taxes are based on the appraised value of the property. When you purchase a home, be sure to file a home exemption because exemptions partially or fully reduce the appraised value on which the tax is calculated.
New in 2024: With the recent passage of Prop 4, all Texas homeowners are entitled to a residence homestead exemption of $100,000 for taxes assessed by a school district. The effect of the exemption is that if your property is valued at $400,000, the school district taxes are calculated as if the value were only $300,000. This exemption amount is an increase from the prior exemption amount of $40,000.
Further exemptions include those available to persons over age 65, those with a qualifying disability, disabled veterans, and certain surviving spouses. Other taxing units may opt to provide additional exemptions.
What qualifies as a residence homestead? Generally, a residence homestead is a structure (including a mobile home), together with the land (not to exceed 20 acres) that is owned by one or more individuals, either directly or through a beneficial interest in a qualifying trust and is occupied as the owner's principal residence. A person may not receive an exemption for more than one residence homestead in the same year.
How do homeowners apply? In most cases, the completed application and required documentation are due no later than April 30 of the tax year for which the owner is applying. As of 2022, a person who acquires a homestead after January 1 of a tax year may receive the tax exemption for the portion of the tax year that the property qualified as their homestead as long as they apply before the first anniversary of the date they acquired the property.
For more information contact your county directly:
Collin County Appraisal District
469-742-9200 www.collincad.org
Dallas County Appraisal District
214-631-0910 www.dallascad.org
Denton County Appraisal District
972-434-2602 www.dentoncad.com
Ellis County Appraisal District
972-937-3552 www.elliscad.com
Hunt County Appraisal District
903-454-3510 www.hunt-cad.org
Johnson County Appraisal District
817-558-8100 www.johnsoncad.com
Kaufman County Appraisal District
972-932-6081 www.kaufman-cad.org
Parker County Appraisal District
817-596-0077 www.parkercad.org
Rockwall County Appraisal District
972-771-2034 www.rockwallcad.com
Tarrant County Appraisal District
817-284-0024 www.tad.org
Van Zandt County Appraisal District
903-567-6171 www.vanzandtcad.org
Wise County Appraisal District
940-627-3081 www.isouthwestdata.co
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