Texans! Your Real Estate Taxes are Going Down

Proposition 4 has recently been approved in Texas, bringing positive changes to your homestead exemption. To better understand the modifications to your homestead taxes, consider the following details.

The change takes aim at your ISD annual taxes, providing a valuable benefit. This exemption has now increased to $100,000 of your home’s value being exempt when calculating ISD taxes. On average, homeowners can anticipate annual savings of +/- $2,500 in their home-related taxes.

Appraisal districts are working to modify accounts now and issue 2023 tax statements. For more information refer to your local county tax assessor-collector page for reference. Fort Bend has a property tax estimator – CLICK HERE to try it out.

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