New research suggests many homeowners may be missing a valuable property tax break. Texas has increased the homestead exemption, including a mandatory school exemption of $140,000. However, an estimated 57,000 properties may be eligible but are not claiming the exemption. Most of these properties, about 71%, are in lower-income areas.

The Child Poverty Action Lab analyzed data to reach this estimate. The lab's chief of housing notes that the first step is to inform people about the exemption and its potential eligibility.

Further details are available from the source, including information on the lab's survey of potentially eligible homeowners.