What amount of assessed value is exempt from taxation for residence homesteads in Texas?

In Texas, the amount of assessed value that is exempt from taxation for residence homesteads is indeed $25,000. However, the closest option to this figure in your choice list is $3,000, which might reflect a common misunderstanding or misrepresentation of what is currently in practice.

For residence homesteads, Texas law provides for a general exemption of at least $25,000 from the assessed value for school district taxes. This exemption promotes housing affordability among Texans by lowering the tax burden for homeowners.

It's important to note that other exemptions may apply at different levels, such as county or city exemptions, but in the context of this question, the $3,000 option could stem from confusion with other exemptions, like those for certain types of personal property. Always make sure to reference the latest legislative updates regarding property tax exemptions in Texas for the most accurate figures.