How the homestead exemption works in Parker County

Apply for a residence homestead exemption through Parker County Appraisal District when you own the home and use it as your main residence. If you buy after January 1, you may qualify for the rest of that year when the former owner did not receive the same exemption.

The school-district exemption is $140,000 for 2026. The separate 10 percent cap limits growth in appraised value once it begins, plus the value of new improvements. It does not cap market value or the tax bill, and a partial-year exemption can mean a later start for the cap.

Use the current application from PCAD and the required proof of ownership and residence. A Texas driver license or ID generally needs to show the home address, with exceptions listed on the form. Ask PCAD to confirm the filing deadline and the first capped tax year.