Senior Property Tax Exemption Calculator
Last Updated: April 2026
Enter your state and home value to see your estimated annual property tax savings.
Exemption Calculator
How Senior Property Tax Exemptions Work
A property tax exemption reduces the assessed value of your home before the tax rate is applied. If your home is appraised at $300,000 and you have a $140,000 homestead exemption, you only pay taxes on $160,000. At a 2% tax rate, that is the difference between a $6,000 tax bill and a $3,200 tax bill — $2,800 in annual savings.
Senior exemptions layer on top of the base homestead exemption. In Texas, homeowners 65 and older now get an additional $60,000 exemption on school district taxes (raised from $10,000 by Proposition 11 in November 2025). That brings the total school district exemption to $200,000 for qualifying seniors.
Who Qualifies for the Senior Exemption
In most states, you qualify if you are: (1) age 65 or older as of January 1 of the tax year, (2) own the home, and (3) use it as your primary residence. Some programs have additional income limits.
You typically need to apply once. After approval, the exemption automatically renews each year as long as you continue to own and live in the property.
How to Apply
Contact your County Appraisal District and request the over-65 exemption application form. In Texas, that is Form 50-114. In Florida, Form DR-501. In New York, Form RP-467.
If you missed the deadline this year, check our Retroactive Refund Calculator to see if you can file for prior years.
Frequently Asked Questions
How accurate is the calculator?
The calculator uses approximate state average tax rates and standard exemption amounts. Your actual savings may differ because county tax rates vary significantly. Use this as a planning estimate, then confirm with your County Appraisal District.
Does the calculator include county-specific exemptions?
It uses state-level data. For county-specific amounts — like Travis County's extra $85,000 Austin exemption — use our County Lookup tool.
Why is Texas showing such high savings?
Texas Proposition 11 (November 2025) raised the over-65 additional exemption from $10,000 to $60,000. Combined with the $140,000 base homestead exemption, Texas seniors now exempt $200,000 from school taxes.
When does the senior exemption take effect?
In most states, the exemption applies from the tax year in which you turn 65, as long as you file by the deadline. In Texas, you can file mid-year and have the exemption prorated.