Texas homeowners may be missing out on a major property tax break. Here's how to claim it.

Texas has some of the nation's highest property tax bills, but many may not know there's a way to bring down their payments.

Texas homeowners can apply for a homestead exemption, which can cut thousands of dollars off the taxable value of a home.

That gives homeowners a break on the taxes they pay to public schools, often the biggest chunk of an owner's tax bill, and often on the taxes they pay to cities and counties, too.