El Paso Residents Can Now Claim Increased Homestead Exemption for Taxes

Want the full story?
Read the complete article at KTSM
AI Summary
In November 2025, Texas voters approved a significant increase in the homestead exemption from $100,000 to $140,000, which is crucial for homeowners in El Paso. This exemption allows residents to reduce their taxable property value, potentially lowering their tax bills. To qualify, homeowners must reside in the property for which they are claiming the exemption. Local real estate experts, including Tony Delgado, emphasize the importance of this change for homeowners looking to ease their financial burden. Residents should ensure they meet the eligibility requirements to take advantage of this benefit.
Key Details: • Homestead exemption increased from $100,000 to $140,000. • Homeowners must live in the property to claim the exemption. • Important for reducing taxable property value and tax bills.