Homestead Exemption Can Cut Your Tax Bill

For the 2026 tax year, a qualified home gets a $140,000 school tax exemption. A qualified owner who is 65 or older or disabled can get another $60,000 school exemption. Some local taxing units may offer more.

File Form 50-114 with the Potter-Randall Appraisal District, not the tax office. April 30 is the usual filing date, though Texas has late and midyear rules for some cases. Read the form because it asks about ownership, use of the home, and identification. An approved exemption usually stays in place while you remain eligible, but report any change that affects your claim. The chief appraiser can also ask you to file again.