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Old 06-03-2009, 11:33 PM
 
136 posts, read 625,834 times
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I thought it was $15,000 then I look on dcad and people have huge exemptions for example:

Exemptions
City School County College Hospital Special District
Taxing Jurisdiction DALLAS DALLAS ISD DALLAS COUNTY DALLAS CO COMMUNITY COLLEGE PARKLAND HOSPITAL UNASSIGNED
HOMESTEAD EXEMPTION $3,437,755 $1,733,877 $3,437,755 $3,437,755 $3,437,755 $0
Taxable Value $13,751,021 $15,454,899 $13,751,021 $13,751,021 $13,751,021 $0
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Old 06-04-2009, 11:09 AM
 
Location: Dallas, TX
887 posts, read 2,487,453 times
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The answer is it depends.

http://dcad.org/forms/09estrat.pdf
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Old 06-04-2009, 12:21 PM
 
Location: Austin
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The taxable value can only go up a max of 10% a year. Thus, if the home's value is assessed at such and such price and it's significantly higher than the previous year, the "taxable value" is going to show a lower number. That has nothing to do with the exemptions for schools or homestead or anything else.
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Old 06-04-2009, 12:29 PM
 
1,098 posts, read 3,851,724 times
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Quote:
Originally Posted by FalconheadWest View Post
The taxable value can only go up a max of 10% a year. Thus, if the home's value is assessed at such and such price and it's significantly higher than the previous year, the "taxable value" is going to show a lower number. That has nothing to do with the exemptions for schools or homestead or anything else.
Except that the homestead exemption is the *reason* that the taxable value can only go up 10% per year. If you don't have the homestead on file, then the taxable value can go up any amount to match the assessed value.

A very good reason (aside from the exemption $$) to file for homestead as soon as possible.
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