Transfer Of TitleTaxesMEDIUM
Texas homestead exemption for those 65 and older includes:
Correct Answer
B) Additional $10,000 exemption plus tax freeze
Seniors 65+ get an additional $10,000 school tax exemption and a tax ceiling (freeze) on school taxes.
Answer Options
A
Only the standard exemptionB
Additional $10,000 exemption plus tax freezeC
Complete tax exemptionD
50% reduction in taxesAudio Lesson2 min
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Related Topics & Key Terms
Related Topics:
homestead-exemptionsproperty-tax-assessmentssenior-housing-optionstax-deferred-exchanges
Key Terms:
Texas Tax Code § 11.13(c)Texas Tax Code § 11.26senior homestead exemptionschool tax freezeage 65 exemption
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