Homestead Exemptions by State

5 min

What Is a Homestead Exemption?

A homestead exemption reduces the taxable value of your primary residence, lowering your property tax bill. Exemptions vary widely by state.

Texas offers up to $40,000 exemption for school taxes. Florida exempts the first $25,000 and up to $50,000 for low-income seniors.

Most states require filing a homestead exemption application with your county assessor's office. Deadlines vary but are often early in the year.

Tip

Tax laws vary by state and change frequently. Use our calculators for the most up-to-date rates and estimates for your specific situation.

Property taxes are based on your home's assessed value and local mill rates. Learn how to estimate what you'll owe.

If you believe your property has been over-assessed, you have the right to appeal. Here's a step-by-step guide.