Agenda

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Item # 5.a.

City Council (FY24)

Meeting Date:	02/13/2024
Department:	Finance
Pillars:	Gold Standard in Financial Health
Milestones:	Continue development and implementation of the Long-Term Financial Plan

AGENDA CAPTION:

Present, discuss, and consider action on an Ordinance to amend Chapter 74, Section 74-51 of the Code of Ordinances to increase the amount of a Homestead Exemption for individuals over sixty-five years of age.

BACKGROUND:

As directed during the FY 2024 budget workshop, staff discussed the Senior Property Tax Exemption in Addison and provided information related to comparison cities and other cities in Dallas County during the January 23, 2024 Council meeting. At the January 23rd meeting, Council requested additional information that will be presented for this item, as well as an action item in the form of an Ordinance to increase the homestead exemption for residential property owners aged sixty-five and older.

RECOMMENDATION:

No recommendation.

Attachments
Ordinance - Senior Exemption
Presentation - Senior Exemption