AUSTIN (KXAN) — In a city of Austin meeting Thursday, it was announced that people 65 or older and persons with disabilities would receive an additional tax exemption for residence homesteads.
According to the city, the tax exemption was the current $154,000 "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.”
The city later said the increase would be $38,000, bringing the new total tax exemption to $192,000.
Senior and Disabled Property Tax Exemption MemoDownloadIn 2024, the city voted to increase the tax exemption that seniors and persons with disabilities received, which brought the total up from $124,000.
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