The homestead tax ceiling is a state law:
It is a limit on the amount of taxes you must pay on your residence. If you qualify your home for an age 65 or older or disabled person homestead exemption for school taxes, the school taxes on that home cannot increase as long as you own and live in that home. The tax ceiling is the amount you pay in the year that you qualified for the age 65 or older or disabled person exemption. The school taxes on your home may go below the ceiling but not above the amount of the ceiling. However, if you improve the home (other than normal repairs or maintenance), the tax ceiling may go higher because of the new additions. For example, if you add on a garage or game room to the house after you have established a tax ceiling, the ceiling will be adjusted to a higher level to reflect the value of that addition
“The homestead tax ceiling is a state law:”
This gives you an exemption of a few thousand but is minor if you house is valued at hundreds of thousands and does NOT limit increases in your tax bill.
“It is a limit on the amount of taxes you must pay on your residence. If you qualify your home for an age 65 or older or disabled person homestead exemption for school taxes, the school taxes on that home cannot increase as long as you own and live in that home.”
True, the school tax is capped but NOT the other many county taxes.
I know. I lived in Texas over the age of 65 and did formal protests each year so I learned the system pretty well.
“However, if you improve the home (other than normal repairs or maintenance), the tax ceiling may go higher because of the new additions. “
If your house appraised value goes up or the tax rates go up your taxes will go up!