With rising property values impacting residents, the Irving City Council began examining ways it could provide some relief to homeowners. On June 30, the City Council approved increasing the existing over 65/disabled person exemption from $45,000 to $50,000 for Fiscal Year 2022-23. This exemption allows eligible homeowners to exclude a portion of their home’s value from assessment, reducing their tax bill. The exemption increase takes effect for property tax bills to be issued this fall and due in January.
The city’s homestead exemption remains at 20 percent of taxable home value, which is the maximum exemption allowed by the State of Texas. That exemption has been at the maximum rate for more than 20 years.
Tax Exemptions | Effective Oct. 1
- Property Owners, 65 and older – $50,000
- Disabled Person – $50,000
- Optional Homestead – 20 percent of the home's value ($5,000 minimum)
Currently, 63 percent of Irving homeowners receive the homestead exemption and 20 percent receive the over 65/disabled exemption.
To qualify for these exemptions, property owners must apply through the Dallas Central Appraisal District (DCAD). To find out more about exemptions or to request forms, call DCAD at (214) 631-0910.