Variations in Receipt of Benefit
No Variation in Receipt of Benefits
The tax ceiling provides that school taxes on residential homesteads will not increase above the amount of the taxes imposed when the homeowner first qualified. At local option, a county, municipality, or junior college district may extend the tax freeze as well.
How is Benefit Disbursed
Credit to the property tax bill
Eligible Property Type
Characteristics of Eligible Property
The property must be the homeowner's principal residence.
Description of Eligibility Criteria
Homeowners qualify if they are age 65 or older, or if disabled. Surviving spouses of eligible homeowners must be 55 years old or older when the individual dies and they must remain in the same home.
Local Option in Adoption of Program
Local government must take action to opt in
Local Option Regarding Program Features
No local option regarding program features
State Funding for Local Tax Loss
Local government covers all of its tax loss
Tex. Tax Code §11.261 (in effect for 2019)