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Hood County approves 20% homestead exemption, 4–1
Summary
Hood County Commissioners Court voted 4–1 on June 24 to raise the county homestead exemption from 10% to 20% under Texas Tax Code §11.13(n), estimating about $1.5 million in lost county revenue and roughly $90 in annual savings for a $350,000 home.
Hood County Commissioners Court voted 4–1 on June 24 to adopt a resolution increasing the county homestead exemption from 10% to the statutory maximum of 20% under Texas Tax Code section 11.13(n).
Proponents said the timing is favorable because recent tax abatements have ended and substantial new construction and development have expanded the…
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