The Nitty Gritty on Texas Homestead Property Tax Exemptions

Image: Philip Taylor via Flickr

Questions on property taxes and property tax exemptions are some that I get asked by clients regularly. How much will my taxes be? What discounts am I eligible for? Why should I file for an exemption? All are excellent questions and well worth asking!

Generally speaking, property taxes are determined and collected on the local level. In Palestine, property taxes are managed by the Anderson County Appraisal District (ACAD). I won’t get into how property taxes are determined for the purposes of this post, but just know that ACAD is the one that determine your property’s appraisal value (another important note: YOUR PROPERTY TAX APPRAISAL IS NOT FAIR MARKET VALUE!!—but that’s another convo for another day…haha!)

An easy way to understand property tax exemptions is to think of them as “property tax discounts.”