If you’re a homeowner in Texas approaching retirement age, there’s a financial perk you don’t want to overlook. Property taxes—especially school taxes—can take a big bite out of a fixed income. Fortunately, Texas offers a valuable benefit that can help stabilize those costs once you turn 65. Known as the “school tax freeze,” this option can lock in your school district taxes at a set amount. Understanding how it works can make a meaningful difference in your long-term financial planning.
