Available Exemptions

 

Homestead Exemptions

Entity Code Description Local Option Pct Amount Granted
165MIDLAND COUNTY3% (minimum $5,000)$0
CTOCITY OF ODESSA20% (minimum $5,000)$0
SCGGREENWOOD ISD20% (minimum $5,000)$25,000
SCMMIDLAND ISD10% (minimum $5,000)$25,000

Over-65 Exemptions

Entity Code Description Amount Granted
165MIDLAND COUNTY$40,000
CTMCITY OF MIDLAND$8,000
CTOCITY OF ODESSA$15,000
HOSMIDLAND HOSPITAL$20,000
RDCMIDLAND COLLEGE$8,000
SCGGREENWOOD ISD$10,000
SCMMIDLAND ISD$10,000

Disability Exemptions

Entity Code Description Amount Granted
165MIDLAND COUNTY$40,000
CTOCITY OF ODESSA$5,000
SCGGREENWOOD ISD$10,000
SCMMIDLAND ISD$10,000

* Either a disability or over/65 exemption may be claimed, but not both.

However, it is best to have an over/65 exemption.

Veteran Exemptions

Percentage Disability Ratings Amount Granted
at least 10% but less than 30%up to $5,000 off Assessed Value
at least 30% but less than 50%up to $7,500 off Assessed Value
at least 50% but less than 70%up to $10,000 off Assessed Value
at least 70% but less than 100%up to $12,000 off Assessed Value
100%100% Homesteadable Value