After the laws that I've signed since then, now that exemption is all the way to $140,000. The first $140,000 valuation of your home is not subject to a school district property tax. If you're a Senior, that is $200,000 exemption. But here's the deal that provides meaningful relief but not lasting property tax reductions. What I've taken across the entire state of Texas is an explanation of passing four things … (02:24–02:29)
CLAIM
Asserts that seniors have a $200,000 homestead tax exemption.
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