The data for New York and Texas cc primarily includes homes, but may include property other than real estate such • households in 2007. The states of New York and Texas were chosen as examples for the United States to represent states with above average (New York) and below average (Texas) property values. In New York State, there is no general homestead exemption for all home-owners, but homeowners with income below $500 000 are entitled to a partial school tax exemption. In Texas, there is a basic homestead exemption available to all homeowners.