Instead of you paying property taxes on that and funding the schools, the state funds the schools. Here's the point with you getting that $140,000 exemption, and I'll add this. Listen, If you were a senior, it would be the first $200,000 value of your home would not be taxed by the school district. But there's no one in Texas who actually has come up to me and said, you know what? I'm perfectly happy with my property taxes hadn't occurred, and there's a reason for it. (25:35–25:46)
CLAIM
Asserts that seniors in Texas have a $200,000 homestead exemption from school district taxes.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
