Understanding Your Homestead Exemption
What is a Homestead Exemption?
A homestead exemption is an exemption that removes all or a portion of the value from your residence homestead as authorized by the State or adopted by a local taxing unit. A homestead exemption also limits the increase of your appraised value to 10% annually. This limitation is commonly referred to as a "homestead cap". A homestead cap may exceed the 10% increase if additional improvements, land, or extensive renovations are added to your residence homestead.
How Does Obtaining a Homestead Exemption Benefit the Homeowner?
Who Qualifies for a Homestead Exemption?
Homestead Exemption Benefits
Lower Property Taxes – Less taxable value means smaller tax bills.
Annual Savings – Depending on local tax rates, this can save hundreds to thousands of dollars each year
Homestead Cap – Limits increases in taxable value to 10% per year, even if market value rises faster
Extra Exemptions – Seniors (65+), disabled individuals, and veterans may qualify for additional savings.
To be eligible, the borrower:
Must own and live in the home as their primary residence.
Have a Texas driver’s license or ID that matches the property address.
Has NOT claimed a homestead exemption on any other property.
Updating Your Mailing Address:
Tarrant County Information:
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Write down or save this account information in a safe place!
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This section is under “Property tools”
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Important notes:
The Tax Office cannot update mailing addresses—only the Appraisal District can [tarrantcountytx.gov]
You may also call 817-284-0024 for assistance.
Parker County Information:
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Use the property search tool to locate your account.
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Look for options to update your mailing address or contact the district directly.
Contact Information for Parker County residents:
Phone: 817-596-0077
Office Address: 1108 Santa Fe Drive, Weatherford, TX 76086