Pflugerville residents over the age of 65 and those with disabilities can expect a slight reduction in their property taxes next year.

At a June 28 meeting, Pflugerville City Council approved two resolutions raising the real property value exemptions for the two groups from $35,000 to $50,000 effective next year.

The exemption had been set at $35,000 since 1998, when it was increased from $25,000.

A city presentation indicates with the new exemption amount, an eligible homeowner with a home valued at $300,000 will pay approximately $73 less in city property taxes in a year.

The increased exemption means the city is projected to raise $140,000 less in property tax revenue in 2024, the presentation stated.

"With the rate of inflation and cost of living, ... I think this is a timely move for us," Mayor Victor Gonzales said.

Information on property tax exemptions is available on the Travis Central Appraisal District website.