The Bottom Line First On November 4, 2025, Texas voters approved massive property tax relief that takes effect immediately for your 2025 tax year. Here’s what you need to know: For all homeowners: Your homestead exemption just jumped from $100,000 to $140,000, saving you approximately $350-$500 annually. For homeowners 65+ or with disabilities: You now get a combined $200,000 exemption (the...