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If I am age 65 or older, disabled or a surviving spouse who is age 55 or older, does a tax ceiling apply to county, city or junior college district property taxes? Yes, if the county commissioners court, city council or board of the junior college district authorizes a tax limitation on the homesteads of persons age 65 or older or disabled.
For persons age 65 or older or disabled, Tax Code Section 11.13(c) requires school districts to provide an additional $10,000 residence homestead exemption. Tax Code Section 11.13(d) allows any taxing unit to adopt a local option residence homestead exemption.
For the first time in Texas history, a new bill is giving property tax breaks to those who are disabled or over the age of 65. CBS Austin is told the new law will help people stay in their homes. The biggest question though is how will schools be able to recoup the expected loss in revenue.
Filing a Texas property tax over 65 exemption has no downsides or extra costs, and it’s a recommended strategy for every senior. However, it’s important to know each of the benefits and protections under the exemption so you have a clear idea of what your property tax bill will look like every year.
In Texas, property owners who are over 65 can freeze their school property taxes. This is sometimes referred to as the “senior freeze.” Freezing property taxes at 65 caps the amount of property taxes assessed and prevents your school property taxes from ever increasing.
A Texas homeowner qualifies for a county appraisal district over 65 exemption if they are 65 years of age or older. This exemption is not automatic.
Did you know that Texas property tax code makes special provisions for adults aged 65 or older? According to Tax Code Section 11.13(c), to qualify for the over-65 property tax exemption, a property owner must be 65 or older, and reside in the home as their principal residence.
Homeowners with an over-65, disability, or disabled veterans exemption are eligible for a deferral from property taxes until they die or until the home is no longer their primary residence. At this time, all the taxes are due unless the person’s heirs also qualify for a deferral.
In Texas, seniors who are 65 years of age or older are eligible for certain exemptions if the property is their primary residence (homestead). Learn more about property tax breaks and exemptions for people 65 and older.
Are people over 65 exempt from property taxes in Texas? Nope, seniors are not automatically exempt from property taxes, unless they qualify for a total exemption (e.g, a 100% P & T veteran). Property tax is an obligation you should continue to fulfil so long as you live on the property.