The City Council approved an ordinance Monday that increases the property tax exemption for disabled and senior citizens from $145,000 to $160,000 for FY 2026. The new exemption amount equates to an $867 reduction in taxes compared to the $786 reduction for the current exemption.
Under the City’s Financial Policies, the City Council regularly reviews the property tax exemption for residents who are disabled or over age 65, with a goal to maintain a tax benefit of approximately 30 percent of the average home value. The $160,000 exemption is estimated to be 31.75 percent of the average market value of a senior or disabled individual’s home.
The increased exemption will be incorporated into the upcoming property valuation notices of qualified residents—appraisal districts are expected to mail the notices in April.
