Officials propose boosting senior tax exemption from 50% to 65% to help residents remain in homes

Accounts staff summarized a proposal to amend City Code (chapter 2-12, article 3) to increase the senior-citizen property-tax exemption from 50% to 65% for residents age 65 and older. The staffer framed the change as a measure "to best aid those over age 65 and help them remain in their homes." The item has been discussed at prior meetings and public hearings, and staff presented it again as part of the accounts agenda.

No final vote was recorded in this transcript excerpt; the item remains on the council's agenda for formal consideration. Staff indicated the amendment follows prior discussions and public hearings and will be advanced through regular council procedures.

"This is to amend the section of the code related to the senior citizen tax exemption by increasing it from 50% to 65% in order to best aid those over age 65 and help them remain in their homes," Accounts official said.