Residents Over Age 65
Under state law, the dollar amount of school taxes imposed on the residence homestead of a person 65 years of age or older may not be increased above the amount paid in the first year after the person turned 65, regardless of changes in tax rate or property value, excluding the value of any new improvements, such as additions or renovations, that increase the value of such homesteads.
"Over 65" Homestead Exemption Frequently Asked Questions
What is the “Over 65” or “Senior Citizen Exemption?”
Taxpayers who are over 65 or disabled qualify for a tax exemption; sometimes referred to as the “senior citizen exemption.” This exemption applies to the homestead of the taxpayer receiving the exemption. Once a property owner receives an over-65/disability homestead exemption, there is a tax ceiling on their total school taxes.
What is a tax ceiling?
It is a limit on the amount of taxes you must pay on your residence. If you qualify your home for a 65 and older or disabled person homestead exemption for school taxes, the school taxes on that home can’t increase as long as you own and live in that home. The tax ceiling is the amount you pay in the year that you qualified for the 65 or older or disabled person exemption. This benefit is referred to as a tax “ceiling” because taxes can go lower than the ceiling, but not higher.
What if my home value goes up, will my taxes increase?
The appraised value can change and the tax rate will change, but the school taxes on your homestead cannot increase. Normal repairs, maintenance and the economic impact of the market cannot increase the amount of taxes you will pay once a tax ceiling is in place on that homestead. Therefore, if this bond election is successful, it will not have an impact on the tax bill for homesteads that are receiving the senior citizen exemption, unless you make significant improvements to your home.
What is considered a significant improvement to your home?
A significant improvement would be, for example, if you build a swimming pool or add on a garage or game room to the house. If you have made such improvements after you have established a tax ceiling, the ceiling will be adjusted to a higher level to reflect the value of that improvement.
Does the exemption go into affect automatically?
No, you need to complete an application. Please contact your local appraisal district to request one.
- Hood County Appraisal District: 817-573-2471
- Johnson County Appraisal District: 817-558-8100
- Somervell County Appraisal District: 254-897-4094
- Parker County Appraisal District: 817-596-0077
When do I need to apply?
If you qualify for an age 65 and over homestead exemption, you may apply to the appraisal district up to one year after the date you turn 65 or qualify for disability, or up to one year after the taxes are due, whichever is later. If your application is approved, you will receive the exemption for the entire year in which you turn 65 or become disabled and for subsequent years as long as you own a qualified homestead. If you move to a new home, you’ll need to reapply.