Property Valuation
In Texas, homestead exemptions reduce the taxable value of a primary residence. The standard homestead exemption for school district taxes (mandatory state minimum) is:
A$15,000
B$25,000
C$40,000✓ Correct
D$100,000
Explanation
The Texas mandatory homestead exemption for school district property taxes was increased to $40,000 (as of recent legislation). This amount is subtracted from the appraised value before calculating school taxes.
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