Reducing Your Texas Residential Property Taxes: A Simplified Guide

Posted on:

11/11/2024

Owning property in McLennan and Bell Counties comes with benefits, but high property taxes can limit your financial flexibility. Fortunately, recent law updates and exemptions offer relief. This guide simplifies the process, helping you navigate exemptions, law changes, and deadlines to lower your property tax bill.

Recent Changes in Property Tax Laws

In 2023 Texas updated its property tax laws to provide some relief:

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Increased Homestead Exemption: This exemption has increased from $40,000 to $100,000.
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Reduced Tax Rates: School tax rates have been lowered, decreasing your overall tax bill.
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Appraisal Limits: New limits restrict how much property values can increase, ensuring more predictable and fair appraisals for homeowners.

To maximize your savings, it’s essential to understand the appraisal and appeals process, as they impact your property tax assessments. Let’s break it down step-by-step.

4. Property Tax Relief for Disabled Veterans in Texas

Disabled veterans can access specific property tax exemptions:

 
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Partial Exemption: Provides tax relief based on the veteran’s disability rating, which could result in notable savings

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Total Exemption: Available for veterans with a 100% disability rating and surviving spouses of deceased service members, this exemption offers complete property tax relief, meaning you could owe nothing in taxes on your property.

Important Deadlines and Reminders

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Most Applications for exemptions must be filed by April 30 of each year.


For most properties, the deadline to file your protest is May 15, or within 30 days of receiving your appraisal notice, whichever is later.

Maximize Your Savings with Property Tax Help

Don't navigate Texas property taxes alone! Partner with Property Tax Help to:

  • Ensure accurate exemption applications.
  • Receive personalized guidance from experienced professionals.
  • Protest appraised values effectively.
  • Lower your property tax bill.

Get Started Today!

McLennan & Bell County local homeowners, take control of your Texas property taxes and start saving money. Contact Property Tax Help today by:

  • Filling Out Our Contact Form: Send us your questions/concerns.
  • Call (254) 640-0057: Personalized guidance.
  • Share this post: Help others unlock Texas property tax savings


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Written by: Pat Musgrave

Patrick Musgrave is licensed in Texas and Tennessee to represent taxpayers in property tax disputes and negotiations. Pat has over 40 years of experience and holds a CAE designation from the International Association of Assessing Officers attesting to his ongoing commitment to professional education and expertise.

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