The details
According to a Fort Worth news release, residents qualifying for these tax exemptions will now be able to reduce their appraised valuation of a residence by $80,000 when paying property taxes.
The news release states this is the second consecutive year Fort Worth officials have increased the exemption. Since 2023, property owners who qualified for these exemptions were able to deduct $60,000.
Quote of note
"We're doing everything we can to support not only the elderly but those who are disabled as well," Mayor Pro Tem Gyna Bivens said.
What you need to know
According to the news release, residents need to keep the following in mind:
- An eligible disabled person who is age 65 or older cannot receive both a disabled and an elderly residence homestead exemption but may choose either.
- Some residents who qualify for the exemptions and benefit from tax ceilings may not see a lower tax bill due to rising property values.
