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Texas offers several **tax exemptions** that can lower your property tax bill. The most common is the **Homestead Exemption**. If you own and live in your home as your primary residence, you're eligible to apply. This exemption reduces the taxable value of your home, saving you money on your property taxes. There's also the **Over-65 or Disabled Person Exemption**. If you or your spouse is 65 or older, or if you have a disability, you can apply for this exemption, which offers additional tax relief. This exemption freezes the amount of taxes you pay on your home, preventing them from increasing, even if your property value goes up. Other exemptions may be available for veterans, disabled veterans, and surviving spouses of veterans. These exemptions offer significant tax breaks to those who qualify. It’s important to note that you must apply for these exemptions. The LCAD doesn't automatically grant them. You can find the necessary forms and instructions on the LCAD website or at their office. Deadlines for applying for exemptions vary, so it's essential to apply as soon as possible. Understanding the exemptions available and taking advantage of those for which you qualify can significantly reduce your property tax burden. Don’t leave money on the table; explore the exemptions that apply to you and take the necessary steps to claim them!
