The City of Forth Worth voted to increase the Homestead exemption for the elderly and the disabled.
The exemption was last raised in 1984 to $40,000 for the elderly. It was raised to $40,000 for people with disabilities in 1991. With the new increase, the exemption is now raised to $60,000 for both groups of people.
"Property tax relief is an issue that is top of mind in every household in our city, and this step will be incredibly meaningful to our many neighbors in vulnerable circumstances where every cent counts. This also builds upon the City's existing overall homestead exemption, which was already maxed out at 20%, and Tarrant County's newly-adopted 10% exemption," Fort Worth Mayor Mattie Parker said in a tweet..
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