Homestead Exemptions

Dated: 02/03/2016

Views: 537

Property Tax and Homestead Exemption


Property taxes in Texas is a locally assessed and locally administered tax. There is no state property tax. Property tax brings in the most money of all taxes available to local government to pay for schools, roads, police and firemen, emergency response services, libraries, parks and other services provided by local government.


Texas offers a variety of partial or total (absolute) exemptions from appraised property values used to determine local property taxes. A partial exemption removes a percentage or a fixed dollar amount of a property’s value from taxation. A total (absolute) exemption excludes the entire property from taxation. Taxing units are mandated by the state to offer certain (mandatory) exemptions and have the option to decide locally on whether or not to offer others (local option).


Exemptions from property tax require applications in most circumstances. Applications for property tax exemptions are filed with appraisal districts. The general deadline for filing an exemption application is before May 1. Appraisal district chief appraisers are responsible for determining whether or not property qualifies for an exemption.


Tax Code exemption requirements are extensive. Property owners should read applicable statutes carefully.


Wikipedia defines Homestead exemptions as: The homestead exemption is a legal regime designed to protect the value of the homes of residents from property taxes, creditors, and circumstances arising from the death of the homeowner spouse. Laws are found in state statutes or constitutional provisions which exist in many states in the United States. https://en.wikipedia.org/wiki/Homestead_exemption


A homestead exemption helps you save on taxes on your home. An exemption removes part of the value of your property from taxation and lowers your taxes. For example, if your home is tax appraised at $100,000 and you qualify for a $20,000 exemption, you pay taxes on your home as if it was worth only $80,000


Parker County exemptions are below:

Homestead Exemptions

Entity CodeDescriptionLocal Option PctAmount Granted
ALALEDO I.S.D.n/a$25,000
AZAZLE I S Dn/a$25,000
BRBROCK I.S.D.n/a$25,000
CFWCITY OF FORT WORTH20% (minimum $0)$0
CGCRESSON GRANBURYn/a$25,000
CRECITY OF RENO15% (minimum $0)$0
GAGARNER I.S.D.n/a$25,000
LILIPANn/a$25,000
LTRLATERAL ROADn/a$3,000
MIMILLSAP ISDn/a$25,000
MWMINERAL WELLS ISDn/a$25,000
PEPEASTER I.S.D.n/a$25,000
POPOOLVILLE I.S.D.n/a$25,000
PWPERRIN WHITT I S Dn/a$25,000
SPSPRINGTOWN I.S.D.n/a$25,000
WEWEATHERFORD I.S.D.n/a$25,000

*Subject to change. please visit your local Tax district for current exemptions. 



I’ve provided the link below and also the address in case you prefer to take it directly to the office. If you wish to complete your Homestead Exemption, it must be completed and turned in no later then April 30, 2016. This dates may change, so if you have any questions, please contact the city appraisal office. 

http://http://comptroller.texas.gov/taxinfo/taxforms/50-114.pdf


Parker County Appraisal District

1108 Santa Fe Dr, Weatherford, TX 76086

(817) 596-0077

Tarrant County Appraisal District

2500 Handley-Ederville Road Fort Worth, Texas 76118

(817) 284-0024

Johnson County Appraisal District

109 N Main St, Cleburne, TX 76033 

(817) 648-3000

Hood County Appraisal District

1902 W Pearl St, Granbury, TX 76048

(817) 573-2471

Palo Pinto County Appraisal District

200 Church St, Palo Pinto, TX 76484

(940) 659-1281


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