What types of property taxes exemptions/valuations are available?
There are four general exemptions that may be applied for once you purchase your property: a general residential homestead exemption, an age 65 (or older) exemption, a disability exemption and a disabled veterans exemption. Exemptions have the effect of discounting your property’s value, thereby lowering your taxes due. The Gillespie Appraisal District is responsible for the fair market appraisal of properties; however, alternative means of valuing a property are available when a property can meet the guidelines set out for an Agricultural Appraisal or when a property owner submits a Wildlife Management Plan. A successful application for one of these types of valuation can significantly lower your tax burden.
