Homestead Exemption For 2024 Texas. Senate bill 2 (bettencourt/meyer) provides property tax relief through tax rate compression, an increase in the homestead exemption, and a pilot project limiting the growth in appraised values. To help homeowners, the state of texas offers a valuable benefit known as the homestead exemption, providing relief from property taxes.
However, the districtโs reduction in taxable value results in a loss of $91. Homestead exemption could save you significant money on.