Exemptions
Homestead Exemptions
| Entity Code | Description | Local Option Pct | Amount Granted |
|---|---|---|---|
| GSO | Somervell County | 20% (minimum $5,000) | $0 |
| SGB | Granbury ISD | n/a | $40,000 |
| SGR | Glen Rose ISD | 20% (minimum $5,000) | $40,000 |
| SHD | HOSPITAL DISTRICT | 20% (minimum $5,000) | $0 |
| STW | School of THREE WAY | n/a | $40,000 |
| SWS | School of WALNUT SPRING ISD | n/a | $40,000 |
| 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 |
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