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The Texas law that mandates a $100,000 tax exemption for residence homesteads is found in the Texas Property Tax Code. This exemption helps reduce the amount of property tax owed by qualifying homeowners, especially older residents and those with disabilities. The P R O P E R T Y Ta X 2010 Report On Value Lost Because Of School District Participation In Tax provides valuable details about this exemption and eligibility requirements. Therefore, keep this in mind during your tax assessment.
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