Texas seniors are getting a huge property tax break. Everyone else is picking up the tab.
New Texas homestead exemptions allow approximately 60% of homeowners aged 65 and older to pay no school property taxes, shifting the tax burden to other residents.
These days, property taxes are just about the only thing Jane Lindsley is saving money on. For the 72-year-old, the cost of everything — from gas and groceries to homeowners insurance and healthcare — have gone up. So it was a welcome surprise when Lindsley, a retired bookkeeper, received her tax bill last fall to...
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