Garland homeowners who fall under the Homestead and Senior Exemptions categories might see an uptick in their tax breaks if local lawmakers follow through on a recent proposal. The possible increase, which would begin with the 2025 tax year, was given the nod on Monday's work session by the Garland City Council and will face a vote at their April 15 meeting, as reported by the City of Garland.

The details of the proposal include a 1% increase to the Homestead Exemption and a $4,000 bump to the Senior Exemption. Specifically, the Homestead Exemption would rise to 11%, and, the Senior Exemption would go up to a $60,000 allowance in appraised value that's exempt from taxation. If the ordinance passes, those changes will be reflected in tax bills come October 2025.

For younger residents with homes around the $200,000 mark, this could mean an estimated $10 in annual savings. Older residents, those aged 65 and over, could see annual savings of roughly $39 for a similarly valued home. The figures provided give a glimpse of what residents can expect, should the council's upcoming vote turn out in favor of the tax exemption increases.

It was the Administrative Services Committee that put this tax break forward, a group that takes a yearly look at such exemptions. The committee's recommendation was backed by City Chief Financial Officer Matt Watson, who pointed out that these increases align with Garland's tradition of extending relief to seniors, and those eligible for the homestead exemption. "This recommendation is in line with the City's history of providing relief to both seniors and those eligible for the homestead exemption," Watson told the Garland City Council, as relayed on the City of Garland.