Homestead Exemption Lowers Your Tax Bill

As of July 2026, school districts must take $140,000 off the taxable value of a qualified homestead. This is not a cash refund. Some local taxing units may offer more relief. Your savings still depend on the home's value and the tax rates that apply to it.

File with the Lubbock Central Appraisal District if you own the home, live there as your main home, and do not claim another homestead. The general deadline is before May 1. There is no fee. Once approved, you normally do not file again each year unless the chief appraiser asks or you move.