Exemptions reduce the taxable value of your property. This lowers your tax amount. Some of these exemptions are:
Residence Homestead Available for all home owners on their residence as long as they lived there on January 1st of the tax year.
Disabled Homestead Can be taken in addition to the homestead exemption; available to those who qualify according to specific guidelines.
Disable veteran or survivor Can be taken in addition to the homestead exemption, according to a disability rating. This exemption can be taken on any property in Texas; it is not limited to the homestead property.
Age 65 or Older Can be taken in addition to homestead exemption on residence. Home owners over the age of 65 may also arrange for a Tax Affidavit Deferral, You may choose to defer the collection of taxes if you own and occupy your residence and taxes are delinquent; however, a tax lien remains on the property and interest of 8% a year continues to accrue.
The chief appraiser is responsible for administering exemption applications. A property owner or the owner’s authorized agent must file any necessary exemption form before May 1 of the tax year.