Texas Over-65 Homestead Exemption
While Texas has long used exemptions to help seniors stay in their homes, recent legislation has brought this to a new level. Prior to 2025, seniors removed $10,000 of their home’s appraised value from school taxes. New legislation pushed this to an astounding $60,000 in value. In addition to the large savings, the over-65 exemption also adds a freeze or ceiling to school taxes. The taxes are frozen at the number they were when the homeowner turned 65, and remain there regardless of tax increases or rising property values. The only way for them to increase is through significant renovations or construction, outside of regular maintenance. The over-65 exemption is added to an existing homestead reduction, with the combined total reduction being $200,000. In addition to the statewide savings, many counties and taxing bodies offer even more savings, though this can vary.
To be eligible for the over-65 homestead exemption, certain requirements must be met:
The home must be the primary residence of the taxpayer.
The homeowner cannot have an over-65 homestead exemption on another property.
The taxpayer must own the home.
The taxpayer can file at any time after turning 65.
Documents that verify age and ownership need to be submitted, such as a Texas state driver’s license.