FORT WORTH, TX (April 22, 2025) — Property Owners Have Certain Rights That May
Reduce Their Property Tax Burden. Read below to learn more.
Homeowners
Individuals and families who own and occupy their residence may qualify for a
residential homestead exemption. New homeowners will need to make application with
Tarrant Appraisal District. Subsequent filings may be necessary if the homeowner
moves, becomes eligible for additional exemptions or if requested to reapply.
Heir Owners
Heir property owners can now access 100% of the Residential Homestead exemption.
Senate Bill 1943 allows qualifying heirs to claim a Residential Homestead exemption on
100% of the property instead of just a portion of the property. Heir property is property
owned by one or more individuals, where at least one owner claims the property as a
residence homestead, and the property was acquired by will, transfer on death deed, or
intestacy. An heir property owner not specifically identified as the residence homestead
owner on a deed or other recorded instrument in the county where the property is
located must provide additional information.
Persons Who Are Over 65 Years of Age or Disabled
Persons who are over 65 years of age or persons who are disabled under Social
Security law may file for additional exemptions. These exemptions are in addition to the
residential homestead exemption. If you qualify for the over 65 or disabled person
exemption you are also entitled to a ceiling on school and locally adopted city, county
and special district taxes. The ceiling will provide additional tax relief for future years.
Tax Deferrals
Homeowners may also defer the portion of the tax on their residence homestead if the
value of the home was raised more than 5% above the previous year. Although the tax
collection is deferred, interest continues to run on the unpaid portion of tax at a rate of
8% per annum and the deferred tax remains as a lien on the property.
