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Updated Property Tax Information For Texas Taxpayers

Whether a homeowner, business owner, disabled veteran or taxpayer, it’s important to know your Property Taxes rights and exemption for tax relief information concerning the Texas tax laws:
  1. Exemptions for disabled veterans— Partial exemptions for any property owned by veterans who are disabled, surviving spouses and surviving children of deceased disabled veterans, including homesteads donated to disabled veterans and their surviving spouses by charitable organizations at no cost. The exemption is determined according to percentage of service-connected disability. Also, the law provides a 100% homestead exemption for 100% disabled veterans and U.S. armed service members killed in action and their surviving spouses.
  2. Exemptions for Nonprofit organizations—Organizations that meet statutory requirements may seek property tax exemptions. Businesses that receive tax abatements granted by taxing units; ship inventory out of Texas that may be eligible for the Freeport exemption; store certain goods in transit in warehouses that are moved within 175 days; construct, install or acquire pollution control property; own and operate energy storage systems; convert landfill-generated gas; or store offshore drilling equipment while not in use may also be eligible for statutory exemptions.
  3. Homestead exemptions— Homestead is the home and land used as the owner’s principal residence, and a homestead exemption reduces the appraised value of the home and, as a result, lowers property taxes.
  4. Productivity appraisal— Land used for timber land production, agricultural purposes or wildlife management can be granted property tax relief, which may result in a lower appraisal of the land based on how much the taxpayer produces, versus what the land would sell for on the open market.
  5. Residence homestead tax deferral— Texas homeowners may postpone paying the currently delinquent property taxes due on the appreciating value of their homes. This tax relief allows homeowners to pay the property taxes on 105% of the preceding year’s appraised value of their homestead, plus the taxes on any new improvements to the homestead. The remaining taxes are postponed, but not cancelled, with interest accruing at 8% per year.
  6. Property tax deferral for persons age 65 or older or disabled — Texan property owners who are age 65 or older or disabled, may postpone paying current and delinquent property taxes on their homes by signing a tax deferral affidavit. Once the affidavit is on file, taxes are deferred, but not cancelled, as long as the owner continues to own and live in the home. Interest continues to accrue on unpaid taxes.
  7. Protesting property appraisal values— Property owners who disagree with the appraisal district’s appraisal of their property for local taxes or for any other action may protest their property value through tax consultants to the appraisal district’s ARB.

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