Property tax
How Bailey County Property Taxes Work
Two offices handle Bailey County property taxes — one sets values, one sends bills. A homestead exemption can cut your school tax by $140,000.
Two separate offices handle property taxes in Bailey County. The Bailey Central Appraisal District (302 Main Street, Muleshoe) figures out what your property is worth. The county Tax Assessor-Collector (300 S. 1st Street, Suite 140) sends the bill and collects payment. Many new residents are surprised these are different offices.
If Bailey County is your main home, you can apply for a homestead exemption. Texas law tells school districts to subtract $140,000 from your property's value before figuring your school tax. That is one of the biggest deductions in state history. Other exemptions may also apply — including a tax freeze for homeowners 65 and older and a disabled-veteran exemption.
To get the homestead exemption, file Form 50-114 with the appraisal district. The usual deadline is May 1, but check with the district because dates can change. The county, city, school district, and other local bodies each set their own tax rates every year. The appraisal district does not set those rates. Check the Texas Comptroller's property-tax page or the Bailey CAD website for current rates and deadlines.
Source to confirm: Bailey Central Appraisal District