Get Tx Ccad‐114 2012-2025

Senate Bill 4, by Sen. Paul Bettencourt, increases the Homestead Exemption to $140,000, and $150,000 for seniors. Once signed into law, SB 4 and SJR 2 will result in a constitutional amendment election in November 2025. This Homestead Exemption would apply retroactively to 2025 tax bills.

Texas offers several types of Homestead Exemptions: Standard Homestead Exemption: Provides a $100,000 reduction in the appraised value for school district taxes. For example, a home appraised at $300,000 would have its taxable value reduced to $200,000, saving homeowners hundreds of dollars annually.

ing to the Comptroller, there is no provision for the cessation of property taxes at any stage. However, there is a Texas property tax exemption for people over the age of 65, which offers temporary tax relief for seniors. At the age of 65, seniors can apply for an exemption from Texas property taxes.

Homeowners 65 and older can also file for an additional senior or disability exemption, which reduces your home's taxable value by another $40,000. Seniors 65 and older also have the option to freeze their property taxes, which keeps your property taxes the same regardless of rising property values.

In 2023, the $100,000 Homestead Exemption was permanently codified into the Texas Constitution when voters passed Proposition 4 with 83% of voters in support. This makes the $100,000 Homestead Exemption permanent, and homeowners will receive tax relief every single year, forever.

You'll need to submit a Residence Homestead Exemption Application with your local county appraisal district. You can find the application on their website or reach out to them for a copy. Most appraisal districts use Texas Comptroller Form 50-114. Applying is free.

Texans can defer property taxes on their primary residence (homestead) if they are age 65 or older. You must file an affidavit with the appraisal district to seek the deferral.