Exemptions

Homestead Exemptions

Entity Code Description Local Option Pct Amount Granted
GSO Somervell County 20% (minimum $5,000) $0
SGB Granbury ISD n/a $25,000
SGR Glen Rose ISD 20% (minimum $5,000) $25,000
SHD HOSPITAL DISTRICT 20% (minimum $5,000) $0
STW School of THREE WAY n/a $25,000
SWS School of WALNUT SPRING ISD n/a $25,000
WSO Somervell Water 20% (minimum $5,000) $0

 

Over-65 Exemptions

Entity Code Description Amount Granted
CGR City of Glen Rose $25,000
GSO Somervell County $50,000
SGB Granbury ISD $10,000
SGR Glen Rose ISD $20,000
SHD HOSPITAL DISTRICT $50,000
STW School of THREE WAY $10,000
SWS School of WALNUT SPRING ISD $10,000
WSO Somervell Water $50,000

 

Disability Exemptions

Entity Code Description Amount Granted
CGR City of Glen Rose $25,000
GSO Somervell County $50,000
SGB Granbury ISD $10,000
SGR Glen Rose ISD $20,000
SHD HOSPITAL DISTRICT $50,000
STW School of THREE WAY $10,000
SWS School of WALNUT SPRING ISD $10,000
WSO Somervell Water $50,000

* Either a disability or over/65 exemption may be claimed, but not both.

However, it is best to have an over/65 exemption.

Disabled Veteran Exemptions

Percentage Disability Ratings Amount Granted
at least 10% but less than 30% up to $5,000 off Assessed Value
at least 30% but less than 50% up to $7,500 off Assessed Value
at least 50% but less than 70% up to $10,000 off Assessed Value
at least 70% but less than 100% up to $12,000 off Assessed Value
100% 100% Homesteadable Value