The exemptions remain the same as they were for the 2011 tax year. All residents who live in the college system taxing jurisdiction and who are homeowners continue to be eligible for a $5,000 homestead exemption.
In addition, disabled residents and those over 65 years of age residing in the LSCS service area are also eligible for the system’s $75,000 property tax exemption and tax freeze for 2012. Taxpayers who are eligible for this $75,000 property tax exemption – disabled residents and residents over age 65 – will also automatically qualify for the tax freeze, where the actual dollar amount owed is frozen as of the date the taxpayer qualifies for the exemption – even if the property value increases.
Any resident who already had an over-65 or disabled exemption on file with their county appraisal district will automatically receive the 2012 exemption and tax freeze.
Property tax bills set to deliver at the end of the year should reflect the frozen amounts.
With 75,000 students in credit classes, and a total enrollment of more than 90,000, Lone Star College System is the largest institution of higher education in the Houston area, and the fastest-growing community college system in Texas. Dr. Richard Carpenter is the chancellor of LSCS, which consists of six colleges including LSC-CyFair, LSC-Kingwood, LSC-Montgomery, LSC-North Harris, LSC-Tomball and LSC-University Park, five centers, LSC-University Center at Montgomery, LSC-University Center at University Park, Lone Star Corporate College, and LSC-Online. To learn more visit LoneStar.edu.####