Homeowners over 65 in Travis County will have to wait another week to learn whether they’ll see a new property tax exemption.
The new homestead exemption, which would rise to $100,000, would also apply to disabled residents. But the impact on the taxable value of the county remains a concern. Budget Director Travis Gatlin says this would apply to a lot of real estate. “This change would decrease the taxable value of 68,000 properties.”
He says there wouldn’t be an impact to the county’s revenue, but the tax burden would have to shift to homeowners that don’t qualify here. The exemption will go up for discussion again next week.
