Homestead Exemption

Homestead exemption cuts your school tax bill in Rockwall County

Texas law requires every school district to give homeowners a $140,000 exemption on their home's appraised value, which directly lowers your tax bill.

Rockwall County Money & Taxes

If you own and live in your home as your primary residence, you qualify for the general homestead exemption. The school district must take $140,000 off your appraised value before calculating your school taxes. That is a significant savings in a fast-growing county like Rockwall where home values are high.

Other taxing units — like the county or a city — can add their own local exemption of up to 20% of appraised value. The general filing deadline is before May 1 each year. File the application with the Rockwall Central Appraisal District, not the state. Check the Comptroller's site for the current Form 50-114 and deadlines.

Source to confirm: Texas Comptroller — Property Tax Exemptions

More Rockwall County notes

Property Tax Basics

Two offices handle your property taxes in Rockwall County

Rockwall County splits property tax duties between two separate offices, and knowing which does what saves you a wasted trip.

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Senior & Disability Exemption

Extra homestead exemption for seniors and disabled homeowners in Rockwall

Homeowners aged 65 or older, or those with a qualifying disability, get an extra $60,000 off their home's school district appraised value.

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Ag Valuation

Agricultural valuation can lower taxes on rural land in Rockwall County

Land used for farming, ranching, or wildlife management may qualify to be taxed on its farm productivity value instead of its market value, which is often much lower.

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Special Districts

MUD and PID districts add extra charges to your property tax bill

New subdivisions in Rockwall County often sit inside Municipal Utility Districts or Public Improvement Districts that add separate charges on top of your regular property taxes.

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