This week’s KXAN story brings more local attention to the important issue of property tax relief and once again raises the question of a flat-rate homestead exemption for the city of Austin.
I’m currently examining bill ideas that will reduce the burden to lower- and middle-income homeowners and allow cities like Austin to determine the best formulas for providing homestead exemptions to their residents. Per KXAN:
“Both [Austin mayoral candidates] agree it would be better to offer a flat rate homestead exemption so the savings are equal across the board no matter how much your home is worth. That option is not currently allowed under state law.”
It’s time to figure out how to offer flat-rate exemptions so that high-dollar homeowners aren’t getting a bigger break. I hope you will support me in changing this law next session.