|
Exemptions
|
TYPE |
STATE
MANDATED |
OPTIONAL |
TOTAL |
|
Homestead |
$15,000 |
$0 |
$15,000 |
|
Over 65
Homestead |
$10,000 |
$13,330 |
$38,330 |
|
Disabled
Person |
$10,000 |
$0 |
$25,000 |
|
Disabled
Veteran |
$5,000 to
$12,000 |
$0 |
$5,000 to
$12,000 |
Disabled veteran exemption is a minimum of $5,000 and a
maximum of $12,000, depending on the percentage as certified by
the Veteran’s Association.
Agriculture or Open Space: Land that is qualified under this
section is taxed on its productivity value as opposed to its
market value with a 5 year recapture.
Freeport: Alief ISD is one of three school districts that offer
the freeport exemption. This exemption allows for certain personal
property that was on hand on January 1, but is held in the
district for less than 175 days, to be exempted from taxation.
Property qualified for the freeport exemption is usually raw
materials that will be manufactured into finished goods and
shipped out in 175 days.
|