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  You qualify for an over-65 homestead exemption the day you or your spouse turn 65.  Other requirements are you must own the house and it must be your primary residence. Most issues related to Texas property taxes are based on a January 1 date.  The over-65 homestead becomes effective when you or your spouse turn 65.  It is prorated for the first year based on the portion of the year you are 65. Benefits of an over-65 homestead exemption include: School property taxes are frozen forever. If you live to be 100, your school taxes would never rise (unless you remodel or add on to the house). Substantially higher homestead exemptions in many tax entities. You can allow property taxes to accrue with $0 in annual payments. Upon the death of the second spouse, the balance plus interest is due.  However, there are no penalties. If one spouse dies, the surviving spouse can retain the over-65 homestead exemption if they are 55 years of age or older. Homestead exemptions ...

  As you may already know, Texas does not have a state property tax, the property tax rates are locally assessed. Property taxes are the major source of revenue and bring in most of the money to provide services offered by the local government. The Texas government offers special protections for the property owners in Texas and one such protection is the over 65 exemption.  What is the property tax exemption for over 65? Homeowners aged 65 years or older qualify for this exemption. All homeowners aged 65 years or older qualify for a standard $25,000 homestead exemption. Other than this, the Texas school districts offer a $10,000 exemption for qualifying homeowners aged over 65. An additional exemption of $3,000 is offered by many cities and counties as well. Get to know about the additional exemptions by contacting the  appraisal district. When do I qualify? You qualify for this exemption on the day you turn 65. To claim for this exemption all you have to do is submit pro...