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Old 12-15-2017, 01:55 PM
 
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Our total tax was near $10,000 but the school tax was the biggest chunk. Who knows how high it would have been by the time we reached 65?
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Old 12-15-2017, 03:59 PM
 
Location: Austin, TX
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The various exemptions are explained here https://tax-office.traviscountytx.gov/seniors

Quote:
Eligibility

If you are 65 years of age or older, you qualify for the Over 65 Homestead Exemption. If you turn 65 after January 1, you receive the exemption for the entire year.

Exemptions are administered by the Travis Central Appraisal District. Apply for your Senior Homestead Exemption online for free.

Exemption Amounts

Exemption amounts are determined by each taxing entity. For more information about the exemptions for your property, select the Property Tax Estimator in Property Tax Basics. https://tax-office.traviscountytx.go...rty-tax-basics

School Tax Ceiling

The homestead tax ceiling is a limit on the amount of school taxes you must pay on your residence. When you qualify your home for an Over-65 Homestead Exemption, the school taxes on that home will not increase as long as the exemption is in place. The tax ceiling freezes your school taxes at the amount you pay in the year that you qualify for the exemption.

The school taxes on your home may go below the ceiling, but not above. If you improve the home (other than normal repairs or maintenance), the tax ceiling may be adjusted to account for the value of the new additions (i.e.: a new garage, extra room or other fixed structure that adds value).

Transferring a Tax Ceiling

A tax ceiling can be transferred from a homestead you recently sold to your new homestead. Contact the Travis Central Appraisal District.
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