Available Exemptions

 

Homestead Exemptions

Entity Code Description Local Option Pct Amount Granted
CLECity of Leonard2% (minimum $5,000)$0
CRVCity of Ravenna20% (minimum $5,000)$0
SBOBonham ISDn/a$140,000
SBRBlue Ridge ISDn/a$140,000
SDIDodd City ISDn/a$140,000
SEIEctor ISDn/a$140,000
SFDFannindel ISDn/a$140,000
SHIHoney Grove ISDn/a$140,000
SLILeonard ISDn/a$140,000
SNLNorth Lamar ISDn/a$140,000
SSISavoy ISDn/a$140,000
SSRSam Rayburn ISDn/a$140,000
STITrenton ISDn/a$140,000
SWHWhitewright ISDn/a$140,000
SWOWolfe City ISDn/a$140,000

Over-65 Exemptions

Entity Code Description Amount Granted
CBCCity of Bonham$5,000
CHGCity of Honey Grove$5,000
CLECity of Leonard$5,000
CRVCity of Ravenna$3,000
CSACity of Savoy$5,000
CTRCity of Trenton$3,000
GFAFannin Co$8,600
SBOBonham ISD$60,000
SBRBlue Ridge ISD$60,000
SDIDodd City ISD$60,000
SEIEctor ISD$60,000
SFDFannindel ISD$60,000
SHIHoney Grove ISD$60,000
SLILeonard ISD$60,000
SNLNorth Lamar ISD$60,000
SSISavoy ISD$60,000
SSRSam Rayburn ISD$60,000
STITrenton ISD$60,000
SWHWhitewright ISD$60,000
SWOWolfe City ISD$60,000

Disability Exemptions

Entity Code Description Amount Granted
CBCCity of Bonham$5,000
CHGCity of Honey Grove$5,000
CLECity of Leonard$5,000
CRVCity of Ravenna$3,000
CSACity of Savoy$5,000
CTRCity of Trenton$3,000
GFAFannin Co$8,600
SBOBonham ISD$60,000
SBRBlue Ridge ISD$60,000
SDIDodd City ISD$60,000
SEIEctor ISD$60,000
SFDFannindel ISD$60,000
SHIHoney Grove ISD$60,000
SLILeonard ISD$60,000
SNLNorth Lamar ISD$60,000
SSISavoy ISD$60,000
SSRSam Rayburn ISD$60,000
STITrenton ISD$60,000
SWHWhitewright ISD$60,000
SWOWolfe City ISD$60,000

* 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