Homestead Exemption

How to Lower Your Tax Bill with a Homestead Exemption

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

Wood County Money & Taxes

Texas school districts must give homeowners a $140,000 exemption on a primary residence. Wood County and some other local taxing units also offer extra reductions. Wood County itself provides a 20% exemption (with a $5,000 minimum) on top of what the school district gives.

You file once with the Wood County Appraisal District — not every year. The general deadline is April 30, but check woodcad.net for the exact date. You must own the home and live in it as your main address. Once approved, the exemption stays on file. Seniors (65+) and disabled persons can qualify for additional reductions.

Source to confirm: Wood County Appraisal District — Exemptions

More Wood County notes

Property Tax Basics

Who Handles Property Taxes in Wood County

Two separate offices handle your property taxes — the appraisal district sets the value, and the tax assessor-collector sends the bill.

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Ag Valuation

How Agricultural Land Gets a Lower Tax Value

Land used for farming, ranching, or timber in Wood County can be valued at its agricultural use — not its market price — which sharply reduces property taxes.

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Fishing Regulations

Fishing at Lake Fork: Special Rules You Need to Know

Lake Fork Reservoir in Wood County has strict catch rules for largemouth bass — most fish must be released, and only one trophy-size fish per day may be kept.

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Fishing License

You Need a Texas Fishing License at Lake Fork

Any adult fishing public waters in Wood County — including Lake Fork — needs a valid Texas fishing license with a freshwater endorsement.

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