Homestead exemption can lower your tax bill in Knox County

Texas requires every school district to give homeowners a $140,000 exemption on the school portion of their property tax bill. That means the school district taxes only the value above $140,000. Homeowners who are 65 or older or disabled get an extra $60,000 school exemption on top of that.

You apply with the Knox County Appraisal District. You must own the home and use it as your main residence. File with the appraisal district, not the tax office. Deadlines and local add-ons can change, so check the Texas Comptroller site for current rules.