For example, if your home is valued at $200,000 and the exemption is $40,000, then you would pay taxes on $160,000 of its value. By the way, the value of your home for taxing purposes is the value of ...
Homeowners or prospective buyers in Texas probably have heard of the state's homestead exemptions, which affect property taxes. However, as useful as the exemption can be, it is important to ...