Do I, as a homeowner, get a tax break from property taxes?

You may apply for homestead exemptions on your principal residence. Homestead exemptions remove part of your home's value from taxation, so they lower your taxes.

For example, your home is appraised at $300,000, and you qualify for a $40,000 exemption (this is the amount mandated for school districts), you will pay school taxes on the home as if it was worth only $260,000. Taxing units have the option to offer an additional exemption of up to 20 percent of the total value.

Show All Answers

1. Do I, as a homeowner, get a tax break from property taxes?
2. Do all homes qualify for residence homestead exemptions?
3. What residence homestead exemptions are available?
4. How do I get a general 20% residence homestead exemption?
5. What is the deadline for filing a residence homestead exemption?
6. May I continue to receive the residence homestead exemption on my home if I move away temporarily?
7. If I live in a home that has multiple owners, can I qualify for the residence homestead exemption on the home?
8. How much will I save with the homestead exemption?
9. If the owners are married, can they claim two homestead exemptions?
10. What happens to the homestead exemption if I rent my home?
11. If my home is damaged or destroyed in a disaster, is my homestead exemption affected?