Helen, age 70, had her school tax frozen at $2,400 when she turned 65. Property values and school rates have since increased. What is Helen's current school tax?
Correct Answer
B) $2,400
Under §11.26, the school tax ceiling freezes at the amount when the homeowner turned 65. It remains $2,400.
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Previous Question
A Texas homeowner claims the $100,000 school homestead exemption. The school rate is $1.40/100. How much does the exemption save the homeowner annually?
Next Question
A homestead is appraised at $600,000 with the $100,000 school exemption. Three entities levy taxes: school $1.00/100, county $0.40/100, city $0.60/100. The $100,000 exemption applies only to school. What is the total annual tax?