What is a Homestead Exemption?
A homestead exemption is designed to remove part of the value of your primary residence from taxation, effectively lowering your taxes. For example, if your home is appraised at $100,000, and you qualify for a $25,000 exemption (this is the amount mandated for school districts), you will pay school taxes on the home as if it was worth only $75,000. Taxing units have the option to offer a separate exemption, too. Click here to read about how to know if you qualify for Homestead Exemptions and what kind of exemptions are available to all homeowners.
Deadline to File:
You can apply for a Homestead Exemption as early as January 1 and no later than April 30. You can now file your Travis County Exemption online!
Homestead Exemption Requirements:
In order to apply for a Homestead Exemption, you must own your home as well as occupy your home as your principal residence on January 1 of the year for which you are requesting an exemption.
- You must own your home as of January 1
- You must occupy your home as your principal residence as of January 1
- Your driver’s license needs to be from the Texas Department of Public Safety (TX DPS) and the address must match the homestead address.
Types of Homestead Exemptions:
There are several types of exemptions you may receive.
- School taxes: All residence homestead owners may receive a Homestead Exemption from their home’s value for school taxes.
- County taxes: If a county collects a special tax for farm-to-market roads or flood control, a residence homestead owner may receive an exemption for this tax. If the county grants an optional exemption for homeowners age 65 or older or disabled, the owners will receive only the local-option exemption.
- Age 65 or older and disabled exemptions: Individuals 65 and older and/or disabled residence homestead owners may qualify for a Homestead Exemption for school taxes, in addition to the exemption for all homeowners. If the owner qualifies for both the exemption for 65 and older homeowners and the exemption for disabled homeowners, the owner must choose one or the other for school taxes. The owner cannot receive both exemptions. Click here to to read about exemptions, limitations and special instructions for homeowners age 65 and over and homeowners with disabilities.
- Optional percentage exemptions: Any taxing unit including a city, county, school, or special district may offer an exemption of a percentage of a home’s value. Each taxing unit decides if it will offer the exemption and at what percentage. This percentage exemption is added to any other home exemption for which an owner qualifies. The taxing unit must decide before July 1 of the tax year to offer this exemption.
- Optional 65 or older or disabled exemptions: Any taxing unit may offer an additional exemption amount for taxpayers age 65 or older and/or disabled.
- Disabled veteran homeowners: Click here for more information about exemptions, limitations and special instructions for disabled veteran homeowners.