Property Tax Calculator
2026 by State, with Texas & Florida Homestead Exemptions

How the Texas homestead exemption works

Texas has no state income tax, and its typical effective property tax rate is 1.31%, the 8th highest of the 50 states and DC. The $140,000 exemption applies only to the school district's levy. Each $1.00 of school rate per $100 of value is worth $1,400 a year to you, or $2,000 once the extra $60,000 for age 65 or disability applies. Counties, cities and special districts may add a local-option exemption of up to 20% of value.

To qualify, you must own the home and live in it as your principal residence, and you file Form 50-114 with your county appraisal district. Compare what you keep after state and federal tax with the Texas paycheck calculator.

How the Florida homestead exemption and Save Our Homes work

For 2026, Florida's homestead exemption comes in two layers. The first $25,000 of assessed value is exempt from every levy. The second layer covers value between $50,000 and $76,411 for county, city and special-district levies but not school levies, and it has risen with inflation each year since 2025 ($26,411 in 2026). Save Our Homes then limits how fast the assessed value can climb: by the lower of 3% or CPI.

Voters approved Amendment 3 (CS/HJR 1-F, on the ballot as "Increased Homestead Exemption; Lower Cap On Increases In Non-Homestead Property Assessments") on 3 November 2026 with about 62% of the vote; 60% was needed. From 1 January 2027 it replaces the non-school layers with one exemption on the first $150,000 of a homestead's assessed value in 2027 and $250,000 from 2028, keeps $25,000 for school taxes, gives new residents $50,000 until their fifth year, and cuts the cap on non-homestead residential assessments from 10% to 5% for non-school levies. 2026 bills are unchanged. The Florida mode shows your 2026 bill and your 2027 and 2028 bills at today's rates; counties and cities could change their rates in response, which no calculator can know. See what Florida's lack of an income tax means for your pay with the Florida paycheck calculator.

Homestead exemption by state: Texas, Florida and California compared

A homestead exemption takes a fixed amount off the taxable value of the home you live in, so what it saves is that amount times your tax rate. The size, who gets it, and which taxes it reaches differ a lot between states:

The gap is bigger than it looks. Texas's $140,000 is worth $1,400 a year for every $1.00 of school rate per $100, while California's $7,000 is worth about $49 a year at the state's typical 0.71% rate (Census ACS 2024). In every state the exemption is not automatic: you file once with your county appraisal district, assessor or property appraiser, and in California the home must be your principal residence on the 1 January lien date.

Sources: Texas Tax Code §11.13 and §11.26 (statutes.capitol.texas.gov) and the Texas Comptroller; s. 196.031 and s. 196.075, Florida Statutes; California State Board of Equalization, Homeowners' Exemption; Ohio: Lorain County Auditor, Homestead Exemption (tax year 2025, collected in 2026). Checked 2026-10-11.

Property tax exemptions for seniors (65 and older)

Texas: from the year you turn 65 (or qualify as disabled) the school district exempts another $60,000, for $200,000 in all, and your school tax is frozen at that first year's amount. That freeze, the tax ceiling, holds even as your home's value and the school rate climb; it only goes up if you add improvements such as a new room, and it comes down when the Legislature raises the exemptions. Counties, cities and other units may add a 65+ exemption of their own, at least $3,000. Tick "65 or older" in the Texas mode and enter the ceiling from your bill to see it applied.

Florida: the statewide exemptions are the same at every age, but a county or city may adopt up to $50,000 more for owners 65 and older whose household income is at or below a limit that started at $20,000 and is raised with inflation every 1 January. It may also exempt the whole home for a low-income owner 65+ who has lived there 25 years or more, if its just value was under $250,000 when they first qualified. Whether you get either depends on where you live, so ask your county property appraiser.

Ohio: the homestead exemption is only for owners 65 and older, permanently and totally disabled owners, and some surviving spouses. For tax year 2025 (bills paid in 2026) it cuts your bill by the taxes on $29,000 of your home's market value, if your household's Ohio modified adjusted gross income is $41,000 or less. That is about $355 a year at Ohio's typical 1.22% rate (Census ACS 2024). Both figures change from year to year, so check your county auditor for the current one; you apply on form DTE 105A by 31 December. Separately, every owner who lives in the home gets a 2.5% reduction on levies approved at or before the August 2013 election (form DTE 105C).

California: the $7,000 homeowners' exemption does not change with age. Other states set their own relief for older owners (an exemption, a freeze or a deferral, sometimes income-limited), so check with your county assessor before you budget your retirement housing costs.

Property tax in retirement

Property tax does not stop when the mortgage does, and once the loan is paid off it is a housing cost that keeps rising with your home's value and local rates. Build it into your plan with the retirement withdrawal calculator. If your wealth is mostly in the house, the reverse mortgage calculator shows what borrowing against it would pay, and staying current on property taxes is a condition of that loan.