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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 50-253
for the current year.
Form 50-253 Report on Value Lost Because of the School Tax Limitation on Homesteads of the Elderly / Disabled - Texas
What Is Form 50-253?
This is a legal form that was released by the Texas Comptroller of Public Accounts - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 50-253?
A: Form 50-253 is a report used in Texas to calculate the value lost because of the school tax limitation on homesteads of the elderly or disabled.
Q: Who is eligible for the school tax limitation on homesteads of the elderly/disabled?
A: Elderly or disabled homeowners in Texas are eligible for the school tax limitation.
Q: What is the purpose of Form 50-253?
A: The purpose of Form 50-253 is to determine the reduction in property value and calculate the amount of tax savings for qualifying elderly or disabled homeowners.
Q: How is the value lost calculated?
A: The value lost is calculated by subtracting the school taxes paid without the limitation from the school taxes that would have been paid without the limitation.
Q: When is Form 50-253 due?
A: Form 50-253 is due on or before April 30th of each year.
Form Details:
- Released on August 1, 2020;
- The latest edition provided by the Texas Comptroller of Public Accounts;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 50-253 by clicking the link below or browse more documents and templates provided by the Texas Comptroller of Public Accounts.
