Back to Glossary
Homestead Exemption
A Texas property tax exemption that reduces the taxable value of your primary residence.
What you should know
In Texas, the homestead exemption reduces the appraised value of your primary residence for property tax purposes, lowering your annual tax bill. You can file with your county appraisal district once you've taken ownership and the home is your principal residence. It also provides certain legal protections against creditors. File as soon as possible after closing — there's a window and deadlines vary by county.