Authorize an increase in the homestead property tax exemption for persons who are disabled or 65 or older from $153,400 to $175,000 beginning with the 2025 tax year (fiscal year beginning October 1, 2025) - Total Estimated Annual Revenue Foregone: General Fund ($7,903,798) and Debt Service Fund ($3,220,241)

Committee

Budget and Management Services

Requested by

Budget and Management Services (BMS)

Introduced

April 16, 2025

On agenda

June 11, 2025

Enactment no.

25-0906; APPROVED

Where it was heard

City Council Jun 11, 2025

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