Transfer Of Title Practice Question | Real Estate Exam | EstatePass

Transfer Of TitleTaxes

Texas homestead exemption for those 65 and older includes:

A

Only the standard exemption

B

Additional $10,000 exemption plus tax freeze

C

Complete tax exemption

D

50% reduction in taxes

Explanation

Seniors 65+ get an additional $10,000 school tax exemption and a tax ceiling (freeze) on school taxes.

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