Texas homeowners rely on homestead exemptions to lower their property tax burdens, but a recent legislative change means that these exemptions will no longer remain in place indefinitely. In late 2024, the Texas Legislature introduced a significant update to the Texas Tax Code that directly impacts homeowners benefiting from homestead exemptions. The new provision, outlined under Section 11.43 (h-1),...
What Is A Homestead Exemption? A homestead exemption is a tax exemption for your home that lowers the taxable amount of your home. Depending on what your home is worth, you qualify for a certain amount of money so that you’re paying taxes on a lower amount, which will save you money each year. Homestead exemptions in Texas are granted by the county appraisal district where the property is...
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