Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Policy topic
No spam. Unsubscribe anytime.
Council raises elderly and disabled homestead exemption to $200,000
Summary
Council voted unanimously to increase the ad valorem homestead exemption for elderly and disabled residents to $200,000, reducing projected revenue by roughly $135,000 for the coming fiscal year.
Council considered amendments to Ordinance 22‑O‑05‑26A to increase the homestead exemption for elderly and disabled residents. The council discussed three options (maximums of $125,000, $150,000, or $200,000) and by motion chose Option 3 (raise exemption to $200,000); the mayor recorded that this would decrease town revenues by approximately $135,000.
Councilor (S3) moved for Option 3 and the motion was seconded and approved unanimously. Council framed the change as a form of tax relief for Northlake residents eligible by age or disability.
