Property Tax

The Homestead Exemption Saves Money on Your Tax Bill

If your home in Wise County is your main residence, you can apply for a homestead exemption to lower your property tax.

A homestead exemption reduces the taxable value of your home. Texas school districts must give a $140,000 exemption on a residence homestead. That alone can cut a significant portion of your school tax bill.

You apply once with the Wise County Appraisal District. You must own the property and live there as your main home. The general filing deadline is April 30, but you can file up to two years late and still get the benefit. Download Form 50-114 from the Texas Comptroller to apply.

Source to confirm: Texas Comptroller — Residence Homestead Exemption FAQ

More Wise County notes

Property Tax

Who Sets Your Property Value in Wise County

The Wise County Appraisal District sets the value of your property, and a separate tax office collects the bill.

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Agricultural Valuation

Farm and Ranch Land Can Be Taxed at a Lower Rate

Landowners who use their land for farming, ranching, or wildlife management may qualify for a much lower tax valuation.

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Special Districts

Special Districts Can Add to Your Property Tax Bill

Some Wise County properties fall inside special districts that add their own property taxes on top of county and school rates.

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School Districts

Seven School Districts Cover Wise County

Your property's school district determines a big part of your tax bill, and Wise County has seven of them.

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