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Residential Homestead Exemptions remove part of your home's value to reduce the taxable amount, saving you money on your property taxes each year. To apply, you must own your home and it must be your primary residence as of January 1 of the year in which you are applying.
You'll also need to update your address on your driver's license to match your primary residence - this is required for proof of residency on the application.
When to Submit Your Application
You can complete the application as early as January 1 and no later than April 30.
How Does the Exemption Work?
In Texas, there is a general exemption of $25,000 - you may also qualify for Age 65 or older or disabled exemptions. The way the exemptions work is to reduce the appraised value of your home so you pay taxes on a lower amount.
If your home appraised for $200,000 and you qualify for a $25,000 exemption, your taxable value would be $175,000. It is important to note that your taxable value is based on the appraised value of your home, not what you paid for it.