What Is The New Homestead Exemption Law In Texas 2025. Under new regulations in property codes, texas homeowners requirements state that homeowners may need to renew their homestead exemption every five years, a detail that underscores the importance of staying informed on homestead policies. Under senate bill 2 and senate bill 3, $18 billion of texas' historic budget surplus will be allocated toward driving down school district property tax rates, increasing homestead exemptions for texas homeowners, and increasing franchise tax exemptions and appraisal caps for small businesses.
Another significant change in the property tax landscape for texas homeowners is the increase in the homestead exemption for school district taxes. Disabled homeowners and homeowners over 65 keep their supplemental $10,000 homestead exemption under the new law and will not need to reapply.
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