To qualify for the general residence homestead exemption, a home must meet the definition of a residence homestead and an individual must have an ownership interest in the property and use the property as the individual's principal residence.
Dallas County Go to .dallascad. Select forms under navigation links on the left-hand side. Select Residential Homestead Exemption Application. Enter your address and follow the directions on the screen.
Dallas County Go to .dallascad. Select forms under navigation links on the left-hand side. Select Residential Homestead Exemption Application. Enter your address and follow the directions on the screen.
School taxes: All residence homestead owners are allowed a $100,000 homestead exemption from their home's value for school taxes.
For persons age 65 or older or disabled, Tax Code Section 11.13(c) requires school districts to provide an additional $10,000 residence homestead exemption. Tax Code Section 11.13(d) allows any taxing unit to adopt a local option residence homestead exemption. This local option exemption cannot be less than $3,000.
Successfully protesting your home's assessed value will lower property tax bills. It also can secure long-lasting savings because the DCAD cannot ignore the lower value when assessing your home in future years. You can also protest that DCAD improperly denied any qualified exemptions.
To qualify for the age 65 or older residence homestead exemption, the individual must be age 65 or older, have an ownership interest in the property and live in the home as his or her principal residence.
SUBJECT Age 65 or Older or Disabled Property Tax Exemption Over the last seven years, the City Council has increased the over-65/disabled exemption five times from $64,000 to $139,400 or approximately 118%. This exempts a portion of the properties' value from being taxed, therefore, reducing the owner's tax bill.
Taxing units may offer a local option exemption based on a percentage of a home's appraised value. Any taxing unit can exempt up to 20 percent of the value of each qualified homestead. No matter what percentage of value the taxing unit adopts, the dollar value of the exemption must be at least $5,000.
If you are 65 years of age or older you need not own your home on January 1. You will qualify for the over 65 exemption as soon as you turn 65, own the home and live in it as your principal residence. You homestead can be a separate structure, condominium or a mobile home located on leased land as long as you own it.