The homestead exemption lowers the amount of property tax you pay. You do not need to enter any information about the homestead exemption in Federal Taxes.
Enter the amount of property tax you paid in 2021.
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The tax code requires school districts to provide a $25,000 exemption on a residence homestead and allows any taxing unit to adopt a local option residence homestead exemption of up to 20 percent of a property's appraised value. The local option exemption cannot be less than $5,000.
PROPERTY TAX EXEMPTIONS
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