If you’re a senior homeowner in Texas, understanding your Texas property tax options can lead to significant savings. One of the most valuable breaks available is the over-65 tax exemption, a powerful tax exemption that can reduce your annual bill and protect more of your hard-earned money.
Texas offers a variety of property tax exemptions, but the over-65 exemption provides some of the most impactful benefits. It not only lowers your taxable value but also may qualify you for additional school tax limitations, meaning a more meaningful property tax reduction each year.
Many homeowners don’t realize that even after receiving exemptions, they might still be eligible for further relief through a Texas property tax appeal if they believe their property is overvalued. Filing an appeal can lead to immediate savings by challenging an assessment that doesn’t reflect current market values or your property’s true worth.
At O’Connor, we help seniors and their families understand how to combine exemptions with appeal
