Homestead
The school homestead exemption is now $140,000
For a qualifying residence homestead, the school-tax taxable value starts much lower than market value.
Texas gives a mandatory school district residence homestead exemption. As reviewed in June 2026, the Comptroller lists the general school exemption at $140,000.
That does not wipe out every local tax. The school part and the city, county, MUD, PID, hospital, college, and other local parts can use different exemptions.
File with the county appraisal district. Do not assume the title company, lender, or previous owner handles it for you.
Source to confirm: Texas Comptroller property tax exemptions