Cui Bono: Who Benefits?
Guess which part of the city will get the lion's share of a 20% homestead exemption?
Blogger Dylan Tynan (www.electionaustin.com) went to the trouble of calculating the number of homeowners in each Council district who would be eligible for the proposed 20% city property tax homestead exemption, and, based on the property values, the total amount of tax relief that would be going to each district. No surprise: The wealthier areas of town have by far the most to gain, while the "minority opportunity" Districts 1-4, with greater numbers of renters and lower property values, would see the least benefit. (See "Point Austin, 'Color Me Exempt.'")
|No. Eligible Properties||Avg. Annual Tax Reduction||Total Value of Exemptions||% of Total|