What happened
Tarrant County commissioners voted unanimously June 18 to increase the county’s homestead exemption from 10% of a property’s value to 20%.
General homestead exemptions are available in Tarrant County to taxpayers who own and reside at a property as of Jan. 1 of the year. Exemptions are also granted to people age 65 or older and homeowners with disabilities.
A full list of the types of exemptions available can be found at the Tarrant Appraisal District website.
About 406,000 accounts in Tarrant County qualify for homestead exemptions, according to meeting documents.
What else?
Commissioners also voted to approve a 20% homestead exemption for the Tarrant County Hospital District, which also increased from the 10% exemption commissioners adopted in 2023.
Commissioners said officials with JPS Health Network are in support of this exemption, and they expressed confidence in absorbing the additional 10% exemption.
The owner of a $350,000 home with both homestead exemptions would see a reduction of $136.15 in their tax bill, according to a county news release.
Also on the agenda
Commissioners also approved adopting for the first time a 50% exemption to property taxes for child care facilities in the county.
This comes from Proposition 2, which voters approved during the Nov, 7 election and created a new property tax exemption for child care facilities. To qualify for this exemption, child care facilities must participate in the Texas Workforce Commission’s Texas Rising Star Program and have at least 20% of children enrolled in the facility receive subsidized care provided by the commission, according to meeting documents.
With this exemption, it’s estimated that up to $200,000 in savings will be granted to child care providers, according to meeting documents.
