Lower Your Tax Bill: Homestead and Ag Exemptions

A residence homestead exemption removes part of your home's appraised value from taxation. State law requires school districts to give at least a $140,000 exemption. You apply directly with the Childress County Appraisal District using Form 50-114. You must include a copy of your Texas driver's license showing the property address. The general filing deadline is April 30 each year, but check with CCAD for the current date.

If you own rural land used for agriculture, you may qualify for a 1-d-1 agricultural-use appraisal. This values the land based on what it produces, not what it would sell for, often a big difference in this farming and ranching county. Form 50-129 is available on the CCAD website. Deadlines and qualifying criteria apply, so contact CCAD before the deadline to ask whether your land qualifies.