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Tag Archives: Homestead Exemption

Austin officials are deciding what property tax bills will look like. Here are some terms to know.

Later this week, the Austin City Council is expected to adopt its budget for the coming fiscal year, which includes how it plans to tax property owners. Some institutions that collect property taxes, like the Austin Independent School District, have…

Austin raises property tax exemption for homeowners to highest rate allowed

As the median price of a home in Austin surpassed half a million dollars this year, City Council members voted Thursday to tax a smaller amount of owners’ home values. City leaders doubled the current general homestead exemption of 10 percent, taking…

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AG tells Cedar Park no deal on tax exemption

Attorney General Ken Paxton has ruled that the city of Cedar Park is not allowed to set its minimum property tax exemption at $10,000 but must use the $5,000 minimum set by state law. Last spring, the Cedar Park City…

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Council raises homestead exemption to 10%

On a vote of 7-4, Council on Thursday approved raising the homestead exemption from the current rate of 8 percent to 10 percent for the coming year. The resolution’s sponsors included Council members Ellen Troxclair, Leslie Pool, Ann Kitchen and…

Featured Collection: Sixth Street

Stream reveals details of six possible new Sixth Street music venues

Stream Realty Partners is eyeing the possibility of turning at least six of its properties on East Sixth Street into music venues, including a plan to convert the former Buffalo Billiards space into a daytime food hall with music in the evenings.…

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Homestead exemption talk on the agenda

District 8 Council Member Ellen Troxclair is once again working to increase the general homestead exemption for property owners. She has worked on this issue since she was elected in 2014. Although City Council voted for a 6 percent exemption…

Homestead exemption unlikely to change

After hours of budget presentations and discussions Wednesday, City Council took up the always controversial issue of homestead exemptions. They have heard for several months that this year’s budget will be tight, leaving no room for additions without corresponding subtractions.…

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Growth slows, making city budget tighter

The days of Austin’s turbo-charged growth are over – at least for now. City Council got that message from the city’s economic adviser, Jon Hockenyos, as well as Deputy Chief Financial Officer Ed Van Eenoo, at Wednesday’s financial forecast and…

Reporter's notebook: On sucking eggs

The etymology of egg-sucking… Trust us when we say that a lot of work goes on behind the scenes to bring our readers their daily Austin Monitor. And a lot of that work is done by our invaluable, East Coast-based…

Austin Police Department Budget, 2012-2022

During the 2020-21 budget process, City Council cut $31.5 million from APD’s budget, citing the protests and “community outcry against the disproportionate impact of police violence on Black Americans, Latinx Americans and other non-white ethnic communities,” according to the approved…

Council sets stage for last-minute homestead exemption debate

City Council has scheduled one final meeting this month in order to take another crack at fulfilling a key campaign promise many members made during the 2014 elections. Wednesday afternoon’s special called session will feature the third-reading vote on a…

Reporter's Notebook: Things happened

So, what’s up with Wednesday?… After last week’s epic City Council meeting that stretched until about 3 in the morning, there were very few people left bemoaning the looming July break. In fact, Thursday was scheduled to be the last…

Council talks budget affordability and city services

There are some things that the proposed Fiscal Year 2015-16 city budget does and some things that it does not do. Aside from raising the property tax rate, along with utility rates and fees for many homeowners, one of the…

Council adopts six percent homestead exemption

Despite the fact that views among City Council members run the gamut as far as implementing a homestead tax exemption, they opted in a 7-4 vote to meet in the middle early Friday morning, approving a 6 percent exemption for…

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