Approve an ordinance setting the tax exemption for residence homesteads of individuals 65 years of age or older and persons with disabilities at an amount equal to $192,000 plus an increase necessary to provide equivalent property tax relief as what was provided by the exemption in the prior year and permitted by law. Funding: This item has no fiscal impact.

This ordinance sets the property tax exemption for homeowners who are 65 or older or living with disabilities at $192,000, plus an additional bump designed to keep their tax relief on par with the prior year as allowed by law. For Austinites in these groups, it means a chunk of their home's value stays shielded from city property taxes. The item is noted as having no fiscal impact.

budgethousing

"the motion will include that the ordinance be approved with the amount of the exemption in part four, line 18 being set at $204,000" — meeting transcript (unofficial)

What got said

• Mayor set exemption amount at $204,000 to provide equivalent tax relief
• Jeffrey Bowen questioned affordability progress while supporting senior exemption

Agenda PDF Legistar Official votes