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  2. What are your rights as a property owner in Texas? Tax ... - AOL

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  3. Homestead exemption - Wikipedia

    en.wikipedia.org/wiki/Homestead_exemption

    Allowing a tax-exempt homeowner to vote on property tax increases to homeowners over the threshold, by bond or millage requests For the purposes of statutes, a homestead is the one primary residence of a person, and no other exemption can be claimed on any other property anywhere, even outside the boundaries of the jurisdiction in which the ...

  4. Officials report eliminating property taxes would cost Texas ...

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    More on Texas economy: Texas is 3rd-worst state to move to in 2024, recent study says Texans frustrated by high property taxes. The Lone Star State's high property tax rates have been the subject ...

  5. Tax bracket - Wikipedia

    en.wikipedia.org/wiki/Tax_bracket

    Standard deduction is a sort of minimum itemized deduction. If all itemized deductions are added up and it is less than the standard deduction, the standard deduction is taken. In 2007 this was $5,350 for those filing individually and $10,700 for married filing jointly. Personal exemption is a tax exemption in which the taxpayer may deduct an ...

  6. Alternative minimum tax - Wikipedia

    en.wikipedia.org/wiki/Alternative_minimum_tax

    Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...

  7. Tax exemptions reduce property taxes: Cassandra Hernandez ...

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  8. Texas lawmakers reach property tax cut deal. What it could ...

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  9. Tax exemption - Wikipedia

    en.wikipedia.org/wiki/Tax_exemption

    Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.

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