City Council is facing an array of difficult choices as it attempts to balance potential increases in the city’s homestead exemption tax with its upcoming budget needs. Following a Wednesday budget work session, Council members can add possible impacts on renters to the equation. In addition to issues involving renters — who comprise 55 percent of […]
Homestead Exemption
A reduction on a home’s taxable value in order to protect the home’s value.
Posted inBudget
Council mulls smaller homestead exemption
As candidates, many of the current City Council members promised constituents a 20 percent homestead exemption. As Council members, they looked at the numbers Wednesday and weighed the benefits of a more cautious approach. At a budget work session, Mayor Steve Adler advocated for the phased-in approach, which would start with a 6 percent homestead […]
Posted inMonitor News & Media, Radio
Austin Monitor Radio: CM Garza on the Homestead Tax Exemption
District 2 Austin City Council Member Delia Garza joins Monitor publisher Mike Kanin to talk about the proposed 20 percent City of Austin homestead tax exemption. Sponsored by Kerbey Lane. Track is embedded below: [soundcloud url=”https://api.soundcloud.com/tracks/191945793″ params=”auto_play=false&hide_related=false&show_comments=true&show_user=true&show_reposts=false&visual=true” width=”100%” height=”450″ iframe=”true” /]
Posted inAustin, City Council, Monitor News & Media, Videos
Video: 2.12 Council rundown, KXAN
Monitor Publisher Mike Kanin joins KXAN‘s Sally Hernandez for a quick rundown of Council’s February 12 discussions of Mayor Steve Adler’s plan to fund additional office staff with (c)3 dollars and a now-in-process study of a potential 20 percent homestead tax exemption for Austin residents. Video embedded below:
Posted inCity Council
Council considers homestead exemption timeline
Picking up on one of the most hotly debated campaign issues of the past election, City Council is grappling with what could be the first step in enacting a 20 percent homestead tax exemption. Council discussed a resolution at Tuesday’s work session that would direct staff to analyze the impact the exemption would have on […]