How Much Savings Is My Texas Homestead Exemption?

Homestead exempt

Homestead exemptions remove (or exempts) part of your home’s taxable value from being taxed, which in turn lowers the amount of tax you owe. Here’s a quick example of how it works.If your home’s tax appraised value comes in at $100,000, and you qualify for a $25,000 exemption (this is the amount mandated for school districts), you will…

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