File the Homestead Application with the Fannin CAD

A homestead exemption can lower the taxable value of your main home. You must own and live in the home. You also cannot claim a second homestead somewhere else.

For 2026, the school-tax exemption is $140,000. An owner who is 65 or older, or who has a qualifying disability, may get another $60,000 school exemption. A city, county, or other local taxing unit may offer its own amount.

File with the Fannin Central Appraisal District. The usual deadline is before May 1. Some buyers who own and move into a home after January 1 may qualify for part of that year, so do not assume you must wait until next January.