Homestead Exemptions: What Are the Benefits and Who Qualifies?
Homestead exemptions remove part of your home’s value from taxation, so they lower your taxes. For example, your home is appraised at $300,000, and you qualify for a $40,000 exemption (this is the amount mandated for school districts). You will pay school taxes on the home as if it was worth only $260,000. Not all homes qualify for a homestead […]
