Homestead exemption
A homestead is the home you own and live in as your main residence. A homestead exemption removes part of its value from property tax, so tax is charged on a smaller amount. Texas school districts must offer one; other local governments may offer more. In Florida, the Constitution currently sets a homestead exemption of up to $50,000 (the second $25,000 does not apply to school taxes).
Plain meaning written by PSI Sci editors from the linked source. Source: Texas Comptroller of Public Accounts, Property Tax Exemptions
Also written: residence homestead, homestead
Measures that use this word
- Florida Amendment 3 (2026): Increased Homestead Exemption; Lower Cap on Increases in Non-Homestead Property Assessments
- SB 110 (2026): Homestead Exemptions
- HJR 207 (2026): Assessed Home Value Homestead Exemption of Non-school Property Tax
- HJR 209 (2026): Property Insurance Relief Homestead Exemption Non-school Property Tax
- SB 272 (2026): Homestead Exemption for Persons 65 and Older
- HB 227 (2026): Eligibility of Leasehold Interests for Homestead Exemptions
- HB 39 (892): Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.
- HB 55 (891): Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.
- HB 1872 (89R): Relating to the repeal of the requirement that each appraisal district periodically confirm that recipients of residence homestead exemptions qualify for those exemptions.
- HB 1153 (89R): Relating to the provision of funding under the public school finance system on the basis of property values that take into account optional homestead exemptions.
Record homestead-exemption