San Antonio: District 4 Councilwoman commends the Proposed Increase to the Disabled Persons Residence Homestead Exemption
Txylo.com/10187268
Trending...
- Hephaestus Global Unveils Comprehensive PR Strategies Resource Site
- Billboard, Music Week, and DJ Times Charting Recording Artist, NOAH, Releases Groundbreaking Single "BABYMAKER"
- The Artist Cynthia Pinot Takes Switzerland And New York By Storm With Multiple Shows
CONTACT: Rosana Galaviz
Rosana.Galaviz@sanantonio.gov
SAN ANTONIO (May 11, 2022) — The following is a statement from District 4 Councilwoman regarding the proposed $72,500 increase to the Disabled Persons Residence Homestead Exemption:
"During the City Council Budget Goal-Setting Session on April 13th, I advocated for an increase to the disabled persons residence exemption and several councilmembers voiced their support. After seeing how San Antonio compared to other major Texas cities, it was unfortunate to find out San Antonio was ranked the lowest in the state and that no increase to this specific exemption was considered since the last adjustment was made in 2005,"the Councilwoman commented, "As property tax relief continues to be a major concern for our residents, City Council needs to consider the options at our disposal to help vulnerable populations, especially disabled residents. I commend City staff for working swiftly to come up with the proposed recommendation, which will certainly be welcomed by residents who currently qualify for this exemption."
More on Txylo.com
Currently, the City of San Antonio offers three property tax emptions to property owners:
Effective for tax year 2019, persons with a residence homestead are entitled to a $5,000 exemption of the assessed valuation of their home.
The over-65 exemption is for property owners who are 65 years of age or older and claim their residence as their homestead. This exemption is a maximum of $65,000 of taxable valuation.
A disabled individual who meets the definition of disabled for the purpose of receiving disability insurance benefits under the Federal Old Age, Survivors and Disability Insurance Act administered by the Social Security Administration may qualify for a $12,500 disabled residence homestead exemption.
City Council will be considering the proposed increases to the above three property tax exemptions on June 16th to provide the needed tax relief to Residential Homesteads.
Rosana.Galaviz@sanantonio.gov
SAN ANTONIO (May 11, 2022) — The following is a statement from District 4 Councilwoman regarding the proposed $72,500 increase to the Disabled Persons Residence Homestead Exemption:
"During the City Council Budget Goal-Setting Session on April 13th, I advocated for an increase to the disabled persons residence exemption and several councilmembers voiced their support. After seeing how San Antonio compared to other major Texas cities, it was unfortunate to find out San Antonio was ranked the lowest in the state and that no increase to this specific exemption was considered since the last adjustment was made in 2005,"the Councilwoman commented, "As property tax relief continues to be a major concern for our residents, City Council needs to consider the options at our disposal to help vulnerable populations, especially disabled residents. I commend City staff for working swiftly to come up with the proposed recommendation, which will certainly be welcomed by residents who currently qualify for this exemption."
More on Txylo.com
- Sibble & Associates: Pioneering a New Era in Startup Investments
- Houston Landing Launches Its Full News Platform Featuring Robust Daily Storytelling Driven by Community Input and a Mission 'To Strengthen Democracy and Improve the Lives of All Houstonians, One Story at a Time'
- Noel Deyzel Shares Inspiring Journey of Recovery and Encourages Self-Care in New Video
- SWAPA Announces Cancellation of 24-Hour Picket
- Author Christina Maria Martinez Searches for Good Samaritan Who Saved Her Life 25 Years Ago
Currently, the City of San Antonio offers three property tax emptions to property owners:
Effective for tax year 2019, persons with a residence homestead are entitled to a $5,000 exemption of the assessed valuation of their home.
The over-65 exemption is for property owners who are 65 years of age or older and claim their residence as their homestead. This exemption is a maximum of $65,000 of taxable valuation.
A disabled individual who meets the definition of disabled for the purpose of receiving disability insurance benefits under the Federal Old Age, Survivors and Disability Insurance Act administered by the Social Security Administration may qualify for a $12,500 disabled residence homestead exemption.
City Council will be considering the proposed increases to the above three property tax exemptions on June 16th to provide the needed tax relief to Residential Homesteads.
0 Comments
Latest on Txylo.com
- Rogers-O'Brien Construction Breaks Ground on Cosm, the First Ever "Shared Reality" Venue in Texas
- The Artist Cynthia Pinot Takes Switzerland And New York By Storm With Multiple Shows
- Canva Launches New Canva for Districts Product as Education Usage Surges
- CIVITAS CAPITAL GROUP HIRES MARISA LIZAK AS MANAGING DIRECTOR, INVESTMENTS
- Texas: Governor Abbott Announces Governor's Small Business Summit In The Woodlands
- Congratulations to Olga Torres for 6th Consecutive Year of Chambers and Partners Recognition
- SWBC Investment Services a Co-Manager on Northside ISD Bonds
- United Heritage Charity Foundation Gives $25,000 to Support Breast Cancer Resources
- Smart Cities of the Future by Vine Strategy
- Electives named 'Corporate Learning Solution of the Year' by EdTech Breakthrough
- James Renacci and Thomas Hicks, Jr. Join AiAdvertising Board of Directors
- CHRISTUS Health Becomes Latest Health Network to Deploy Axon Body Cameras to Enhance Hospital Security
- The Data Economics Company and Gordian Knot Strategies Highlight Deployment of Enkrateia Platform for More Strategic Investments in U.S. Forests
- Strivve partners with innovative Reseda Group
- EcoCareers' 3 Reasons Why Businesses Should Hire More Sustainability Workers in 2023
- Tomball Economic Development Corporation closes sale of final lot in Tomball Business & Technology Pa
- Stagwell's (STGW) Multiview Joins LinkedIn Audience Insights API to Develop More Relevant Campaigns
- Texas: Governor Abbott Announces Over $468,000 Job Training Grant To Dallas College
- L-Tron's OSCR Team Arrives at the 2023 TX IAI Conference in Austin
- Timing is Key: Discover the Advantages of Selling Now, Backed by Experts