Property Tax Limits

Appraisal District Exemptions   Homeowner exemptions Homestead Exemption Maximum Assessed Value Over 65 Disabled Person Disabled Veteran   Other exemptions Exempt Organizations Agricultural Exemption Timberland Exemption   Exemption Forms   Homestead Assessed Value Maximum Increase  A Texas county appraisal district may not increase the appraised value of a homestead by more than 10% in a given tax year. The homeowner's property tax is based on the county appraisal district's appraised value of the home. Technically, a Texas homestead's assessed value is limited to the lesser of either its market value or the sum of the market value of any new improvements and 110% of the appraised value of the preceding year. The 10% increase is cumulative. Therefore, the maximum increase is 10% times the number of years since the property was last appraised. The 10% limitation on a Texas homestead is effective January 1st of the tax year following the first tax year the owner qualifies the property for a homestead exemption. The 10% limitaiton ends on January 1st of the tax year where the owner or the owner's spouse or surviving spouse no longer qualifies for the homestead exemption. Homestead Exemption Go to the Homestead Exemption section for a discussion of the Texas homestead exemption and to see if you qualify for a homestead exemption. Contact the Texan Realtor Team for more information on contesting your property taxes or for a free market analysis to find out what your home is currently worth. Find out your home value using our free instant valuation tool!

DJ & Elizabeth Arsenault | 281-989-6934 | Contact | Home Page