Texas Homestead Exemption Amount 2024. This exemption is available to every homeowner. As part of an $18 billion property tax relief package, texas homeowners will see their homestead exemption on their property tax bill increase from $40,000 to $100,000 of their home’s assessed.
Texas offers a variety of partial or total (absolute) exemptions from appraised property values used to determine local property taxes. Homeowners can now get up to $100,000 off their home’s value for school taxes, up from $40,000 before.
