How does homestead exemption work?

A Listly List - A certain amount from your home’s value is deducted from taxation when you apply for a homestead exemption. Let’s understand it better with an example. Say the appraisal district has valued your property for $400,000 and if you qualify for a $30,000 exemption then you will be required to pay taxes as if your house was worth only $370,000. Visit https://www.poconnor.com/all-about-the-texas-homestead-tax-exemption/ to learn more!