Homestead Exemption Cuts Your Property Tax Bill

A Texas school district takes $140,000 off the taxable value of a main home that qualifies. An owner who is 65 or older or disabled may get another $60,000 school tax break. That owner may also get a ceiling on the school-tax bill.

A buyer who qualifies after January 1 may get the general exemption for part of that year. This only works if the prior owner did not get the same exemption that year. File the current form with Hood CAD. A value protest is a different job with different rules.