You must apply to HCAD for any exemptions for which you qualify. No information is available for this page.VArated disabled vets (DVs) may receive a discount on the taxes property taxes. Some DVs can even get their property taxes completely waived. Taxing units have the option to offer an additional exemption of up to 20 percent of the total value. Want to save on property taxes? Learn more about Houston Homestead Exemption Types, Requirements for Eligibility, and the Application Process. All eligible facilities must submit Form 50-844, the application. Is there any way to reduce my tax bill? Don't miss the opportunity to ensure a fair and accurate property tax assessment.