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 Aging
Facts
(Source:
Aging in Place Initiative)Area Agencies on Aging State-Wide Locations and Information Talking to Your Parents About Health Care Issue: Initiating the Conversation The Growth of Texas Aging Population Services Provided by Area Agency on Aging Texas is a great state to retire! Personal Income TaxesNo state personal income tax Retirement Income: Not taxed. Property Taxes Property tax is imposed by local taxing units. Click here for details. For homeowners 65 and older, $10,000 (in addition to the regular $15,000 homestead exemption) of the property's assessed value is exempt from school taxes and $3,000 is exempt from other local taxes. Once an over-65 homeowner qualifies for an over-65 homestead exemption for school taxes, that owner gets a tax ceiling for that home on school taxes. If the homeowner improves the home (other than normal repairs or maintenance), the tax ceiling is adjusted for the new additions. School district taxes are frozen for seniors (65 and older) and disabled persons at the level imposed on the residence the first year that the taxpayer qualified for the residence exemption. Counties, cities, towns, and junior college districts are permitted to establish a tax freeze on homesteads of those age 65 and older or disabled. For more information on exemptions, click here. |
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Elder Options of Texas...connecting families and individuals to home care providers, senior living and retirement options, and so much more throughout the state of Texas!
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