Texas Homestead Exemption 2024 Requirements. To help homeowners, the state of texas offers a valuable benefit known as the homestead exemption, providing relief from property taxes. The homestead exemption is one of a handful of tax deductions linked to homeownership.

A homestead exemption is an exemption that removes all or a portion of value from your residence homestead as authorized by the state or adopted by a local taxing unit. The good news is that applying for a homestead exemption in texas is generally free of charge.