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Austin Raises Property Tax Exemption For Older, Disabled Homeowners; Holds Off Vote On Citywide Break


KUT
City Council on Thursday increased the homestead exemption for older and disabled homeowners from the current value, $88,000, to an amount not to exceed $113,000.
The Austin City Council on Thursday unanimously approved an increase to the amount that older and disabled homeowners can reduce from their property taxes.
The amount that people with disabilities and those who are 65 or older can exclude from property taxes went up from $88,000 to $113,000.
Speaking before the vote, Council Member Ann Kitchen said it was important to address the affordability challenges that older and disabled homeowners face.
A speaker in favor of homestead exemption increases told the council Thursday that his property taxes are now higher than his mortgage payments. ....

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