Connect with us

Hi, what are you looking for?

Fort Worth, Texas News

Fort Worth City Council Increases Tax Exemption for Elderly and Disabled Residents

The Fort Worth City Council unanimously voted on Tuesday to increase the residential homestead exemption for elderly and disabled residents.

Starting immediately, eligible residents can reduce the appraised valuation of their homes by $80,000 when calculating property taxes. This is an increase from the $60,000 deduction available since 2023.

This marks the second consecutive year that the city has raised the exemption. In Texas, there is no maximum exemption limit for elderly and disabled homeowners.

Eligible individuals who are 65 or older and disabled can choose either the elderly or disabled exemption, but cannot receive both.

However, some residents benefiting from these exemptions and associated tax ceilings may not see a reduced tax bill due to rising property values.

The new ordinance is effective immediately and applies to ad valorem tax levies for 2024.

You May Also Like