Homestead Exemption Lowers Your Tax Bill in Young County

If your home in Young County is your main residence, you likely qualify for a homestead exemption. Texas law requires every school district to knock $140,000 off the appraised value of your home for school taxes. Other taxing units — like the county or a hospital district — may add their own exemptions on top of that.

You file the application with the Young Central Appraisal District at 505 5th St. in Graham. The general deadline is before May 1 in the year you want the exemption, but you can often still file late and receive a partial benefit. Once approved, the exemption stays on as long as you live there. You do not need to reapply each year.