01/28/2026
Lamar County Homestead Exemptions
2026
S1 – Regular Homestead
$2,000 off the county and school portion of assessed value.
A property owner must own and reside at the property on January 1st.
Surviving heirs qualify; also recorded sales contract-holders qualify.
Must be primary residence of the owner.
S3 – Elderly person 62 Years of Age
$2,000 off the county portion of assessed value.
$10,000 off the school and school bond portion of assessed value
A property owner must be 62 years old as of January 1st
Net income of husband and wife must be less than $10,000, excluding up to
$99,648 in Social Security and retirement pensions.
*Homestead application must be filled out completely
* Must have a copy of their 1040 form or sign a income affidavit
* Must have a copy of their driver license
L4 – Elderly person 65 Years of Age
$20,000 off the county portion of assessed value.
(4,000 state homestead + 16,000 county exemption)
$10,000 off the school and school bond portion of assessed value
A property owner must be 65 years old as of January 1st
Net income of husband and wife must be less than $10,000, excluding up to
$99,64826 in Social Security and retirement pensions
*Homestead application must be filled out completely
* Must have a copy of their 1040 form or sign a income affidavit
* Must have a copy of their driver license
Disable Veteran Exemption
A property owner must provide documentation supporting declaration as being
Service-connected totally disabled by the Veterans Administration and as receiving 100% disability benefits.
S5 – Disabled Veteran
$126,526 off the total assessed value
SS – Surviving Spouse of a Veteran
$126,526 off the total assessed value
A property owner must be the unmarried spouse of a Veteran deceased as a
Result of war or armed conflict and is receiving survivor benefits.
May be required to prove marital status
IN ORDER TO QUALIFY FOR LOCAL EXEMPTIONS
MUST MEET THE STATE REQUIREMENTS FIRST.
LOCAL DISABLE EXEMPTION –
15,000 exemptions for School – School M&O only
Total household income of husband and wife must be less than $20,000
*A property owner must have either a letter from 2 physicians stating 100% disability
or a letter from social security declaring 100% disability*
*Must a have a copy of their 1040 form or sign a income affidavit*
L2 – Disable Person – No age requirement
$2,000 off the county portion of assessed value
$17,000 off the school portion of assessed value
(2,000 state homestead + 15,000 school exemption)
L3 - Disable Person – Age requirement 62 yrs old or older --- 62 as of Jan 1st
$25,000 off the school portion of assessed value
(2,000 state homestead + 8,000 state age + 15,000 school exemption)
$10,000 off the school bond portion of assessed value
(2,000 state homestead + 8,000 state age)
$2,000 off the county portion of assessed value
L5 - Disable Person – Age requirement 65 yrs old or older --- 65 as of Jan 1st
$25,000 off the school portion of assessed value
(2,000 state homestead + 8,000 state age + 15,000 school exemption)
$10,000 off the school bond portion of assessed value
(2,000 state homestead + 8,000 state age)
$20,000 off the county portion of assessed value
(4,000 state homestead + 16,000 county)
LD - Disable Person – Age requirement 70 yrs old or older --- 70 as of Jan 1st
$25,000 off the school portion of assessed value
(2,000 state homestead + 8,000 state age + 15,000 school exemption)
$10,000 off the school bond portion of assessed value
(2,000 state homestead + 8,000 state age)
$20,000 off the county portion of assessed value
(4,000 state homestead + 16,000 county)
LOCAL COUNTY EXEMPTION FOR OVER 65 YEARS OLD
20,000 Exemption for county M&O only
*Must have a copy of their driver license*
LC - County exemption over 65 years of age – 65 as of Jan 1st
$20,000 off the county portion of assessed value
(2,000 state homestead + 18,000 county exemption)
$2,000 off the school portion of assessed value
$0 off the school bond portion of assessed value.
LOCAL SCHOOL EXEMPTION FOR OVER 70 YEARS OLD
9,000 off school M & O and School Bond
*Must have a copy of their driver license*
LS – County/School exemption over 70 years of age – 70 as of Jan 1st
$10,000 off the school portion of assessed value
(2,000 state homestead + 9,000 school)
$7,000 off the school bond portion of assessed value
$20,000 off the county portion of assessed value
($2,000 state homestead + 18,000 county)
L7 – Elderly person 70 years of age – 70 as of Jan 1st
$20,000 off the county portion of assessed value
($4,000 state homestead + 16,000 county)
$19,000 off the school portion of assessed value
(10,000 state homestead + 9,000 school exemption)
$19,000 off the school bond portion of assessed value
($10,000 state homestead +9,000 school exemption)
Net income of husband and wife must be less than $10,000, excluding up to
$99,648 in Social Security and retirement pensions
*Homestead application must be filled out completely
* Must have a copy of their 1040 form or sign a income affidavit
* Must have a copy of their driver license
