Homestead Cap

The Homestead Cap Slows Tax Increases

Texas law limits how much your home's taxable value can rise each year once you have a homestead exemption.

Once you have an approved homestead exemption, Texas law caps how fast your home's appraised value can increase. The cap is 10 percent per year. So even if your home jumps in market value, your taxable value rises slowly.

This cap applies only to your residence homestead, and it affects the appraised value used by all taxing units — county, city, school district, and others. It does not apply when you first buy a home — the cap kicks in the year after your exemption is granted. The Lubbock CAD posts a plain-language explanation of how this works on their website.

Source to confirm: Texas Comptroller — Valuing Property

More Lubbock County notes

Property Tax

Who Values Your Property for Taxes

The Lubbock Central Appraisal District sets the value of your property; a separate tax office collects what you owe.

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Homestead Exemption

Homestead Exemption Lowers Your Tax Bill

If your home is your main residence, you likely qualify for a homestead exemption that reduces what you pay in property taxes.

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Ag Valuation

Agricultural Land Can Be Taxed at a Much Lower Rate

Farm and ranch land in Lubbock County can be taxed on what it produces, not what it would sell for, which often cuts the tax bill sharply.

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Tax Protest

You Can Protest Your Appraisal Value

If you think the appraisal district has overvalued your property, you have the right to formally protest and seek a lower value.

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