A Texas homeowner turns 65. In addition to the existing $100,000 school homestead exemption, what additional tax benefit does the over-65 status provide for school district taxes?
Correct Answer
A) An additional $10,000 school district exemption and a tax ceiling (freeze) on the school district tax amount
Under Texas Tax Code §11.13(c), homeowners 65 and older receive an additional $10,000 school district exemption. Additionally, under §11.26, the school district tax is frozen at the amount in the year the homeowner turns 65 (tax ceiling).
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