Property Tax Exemptions You Should Know About
Exemptions can dramatically reduce your property tax bill — sometimes by thousands of dollars per year. Here are the key ones to know about.
Homestead Exemption
If the property is your primary residence, you likely qualify for a homestead exemption. In Texas, this removes $140,000 from your assessed value for school district taxes alone — typically saving $1,400+ per year. California's exemption is smaller ($7,000) but still helps. Make sure you've applied.
Senior Exemption (Age 65+)
In Texas, homeowners 65 and older can get an additional exemption that freezes their school district taxes. California offers similar benefits. Requirements vary by county — we can help determine if you qualify.
Disabled Veteran Exemption
Texas offers substantial exemptions for disabled veterans based on disability percentage — up to 100% exemption for fully disabled vets. California has similar programs. These can save thousands annually.
Disability Exemption
Both Texas and California offer property tax exemptions for disabled homeowners. Requirements typically include proof of disability and primary residence. Combined with a protest, this can significantly reduce your tax burden.
Agricultural Exemption
Agricultural (ag) exemptions can dramatically lower taxes on qualifying land in Texas. The property must be used for farming, ranching, timber, or wildlife management. California has similar programs. This is separate from protesting the assessed value.
Quick Tips
- Exemptions are separate from protests — you can (and should) do both.
- Most exemptions require an application. Check with your county if you haven't applied.
Questions about exemptions? Contact us at admin@taxdrop.com. Learn more about over-65 exemption. Learn more about disabled veteran exemption. Learn more about agricultural exemption.